Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 135

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 135
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 of interest (i) for working capital purposes (but not to exceed
$1,000,000 annually), and/or (ii) to pay our tax obligations, until the earliest of (i) the
completion of our initial business combination, (ii) the redemption of our public shares
if we are unable to complete our initial business combination within 24 months from the closing
of this offering (or such later date pursuant to an approved extension), subject to applicable
law, and (iii) the redemption of our public shares properly submitted in connection
with a stockholder vote to approve an amendment to our amended and restated articles of incorporation
to modify the substance or timing of our obligation to redeem 100% of our public shares if
we have not consummated our initial business combination within 24 months from the closing
of this offering (or such later date pursuant to an approved extension) or with respect to
any other material provisions relating to stockholders’ rights or pre-initial business
combination activity.

The net proceeds held in the trust account may be used as consideration
to pay the sellers of a target business with which we ultimately complete our initial business combination. If our initial business combination
is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the consideration
in connection with our initial business combination, we may apply the balance of the cash released from the trust account for general
corporate purposes, including for maintenance or expansion of operations of the post-transaction company, the payment of principal or
interest due on indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for
working capital. There is no limitation on our ability to raise funds through the issuance of equity-linked securities or through loans,
advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements
or backstop arrangements we may enter into following consummation of this offering. However, our amended and restated articles of incorporation
provide that, following this offering and prior to the consummation of our initial business combination, we will be prohibited from issuing
additional securities that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote as a class with
our public shares (a) on any initial business combination or (b) to approve an amendment to our amended and restated articles of incorporation
to (x) extend the time we have to consummate