Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 43

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 43
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 identical to the units issued in this offering.

(3) EarlyBirdCapital, Inc. is acting as a financial advisor to
the Company and will receive 7,500 units (the “EarlyBird Units”) at Closing as part of its compensation.

(4) Assumes no exercise of the underwriters’ over-allotment
option and the forfeiture of 300,000 founder shares by the sponsor and Ramnarain Joseph Jaigobind for no consideration.

(5) Includes up to 300,000 founder shares that will be forfeited
by the sponsor and Ramnarain Joseph Jaigobind depending on the extent to which the underwriters’ over-allotment option is exercised.

(6) Consists of (i) 8,000,000 public shares, (ii) 2,000,000
founder shares, (iii) 248,300 private shares underlying the private units, (iv) 40,000 shares of common stock underlying the
Underwriter Units (the “Underwriter Shares”), and (v) 7,500 shares of common stock underlying the EarlyBird Units (the “EarlyBird
Shares”).

(7) Consists of 1,000,000 $15 Exercise Price Warrants to be sold in
private placement occurring simultaneously with the closing of this offering.

(8) Consists of (i) public rights convertible into 800,000
shares, (ii) private rights convertible into 24,830 shares, (iii) Underwriter Rights convertible into 4,000 shares, and (iv)
EarlyBird Rights convertible into 750 shares.

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| Terms of Rights: |     | Except in cases                                                                                                                             
 where we are not the surviving company in a business combination, each holder of a public right will automatically receive one-tenth (1/10) 
 of one share of common stock upon consummation of our initial business combination. In the event we will not be the surviving company       
 upon completion of our initial business combination, each holder of a right will be required to affirmatively convert his, her or           
 its rights in order to receive the one-tenth (1/10) of one share underlying each right upon consummation of the business combination.       
 We will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the          
 nearest whole share or otherwise addressed in accordance with the applicable provisions of the Delaware General Corporation Law.