Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 85

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 85
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uant to the investment management trust agreement, the trustee
will not be permitted to invest in other securities or assets. By restricting the investment of the proceeds in this manner, and by focusing
our directors’ and officers’ time toward, and operating our business for the purpose of, acquiring and growing businesses
for the long term (rather than buying and selling businesses in the manner of a merchant bank or private equity fund or investing in
assets for the purpose of achieving investment returns on such assets), we intend to avoid being deemed an “investment company”
within the meaning of the Investment Company Act. Further, investing in our securities is not intended for persons who are seeking a
return on investments in government securities or investment securities. Instead, the trust account will be intended as a holding place
for funds pending the earliest to occur of either: (i) the completion of our initial business combination; (ii) the redemption
of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation
(A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (B) with
respect to any other material provisions relating to stockholders’ rights or pre-initial business combination activity; or (iii) absent
an initial business combination within the completion window, our return of the funds held in the trust account to our public stockholders
as part of our redemption of the public shares. If we do not invest the proceeds as described above, we may be deemed to be subject to
the Investment Company Act. Notwithstanding that we have limited our activities as described above, we could nevertheless be considered
to be operating as an unregistered investment company. If our facts and circumstances change over time, we will update our disclosure
in future filings with the SEC to reflect how those changes impact the risk that we may be considered to be operating as an unregistered
investment company.

If we were deemed to be an investment company for purposes of the
Investment Company Act, we would need to register as such under the Investment Company Act and compliance with these additional regulatory
burdens would require additional expenses for which we have not allotted funds and may hinder our ability to complete a business combination.
We may also be forced to abandon our efforts to complete an initial business combination, and instead be required to liquidate the trust
account and may be required to