Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 314

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 314
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, which will be purchased
by the Sponsor and a third party in a private placement that will occur simultaneously with the closing of the Proposed Offering.

In January 2025, the Sponsor transferred additional net 220,000
Founder Shares to members of the Company's management, board of directors, senior advisors and affiliate. This resulted in Sponsor holding
1,465,000 Founder Shares.

The Sponsor has agreed to loan $417,000 to the Company at the
closing of the Proposed Offering pursuant to an unsecured promissory note. Such note will bear interest at the rate of 12% per annum
and will mature one year after it is issued.

<div align='center'>F-12

INDEX TO FINANCIAL STATEMENTS</div>

| Financial Statements of FG Merger II Corp.:                                                       
 Report of Independent Registered Public Accounting Firm                                           
 Balance Sheet as of December 31, 2023                                                             
 Statement of Operations for the period from September 20, 2023 (inception) to December 31, 2023   | F-2 
 F-3 
 F-4 |
|:--------------------------------------------------------------------------------------------------|:----|
| Statement of Change in Stockholders’ Equity for the period from September 20, 2023 (inception) to 
 December 31, 2023                                                                                 | F-5 |
| Statement of Cash Flows for the period from September 20, 2023 (inception) to December 31, 2023   | F-6 |
| Notes to Financial Statements                                                                     | F-7 |

<div align='center'>F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

To the Board of Directors and Stockholders of FG
Merger II Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheet
of FG Merger II Corp. (“the Company”) as of December 31, 2023, and the related statement of operations, changes in stockholders’
equity (deficit), and cash flow for the period from September 20, 2023 (inception) to December 31, 2023, and the related notes (collectively
referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial
position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the period from September 20,
2023 (