Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 198

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 198
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, that they
will not propose any 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 do not complete 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, unless we provide our public stockholders with the opportunity to redeem their public
shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (less amounts released to us (i) for working capital purposes (but not to exceed $1,000,000 annually)
and/or (ii) to pay our tax obligations), divided by the number of then outstanding public shares.

<div align='center'>100</div>

We expect that all costs and expenses associated with implementing
our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the approximately $341,500
(or $221,500 if the over-allotment option is exercised in full) of proceeds held outside the trust account, and the amount we are permitted
to withdraw annually for working capital purposes for working capital purposes (not to exceed $1,000,000) from interest earned on the
funds held in the trust account, although we cannot assure you that there will be sufficient funds for such purpose. However, if those
funds are not sufficient to cover the costs and expenses associated with implementing our plan of dissolution, to the extent that there
is any interest accrued in the trust account not required to pay taxes, we may request the trustee to release to us an additional amount
of up to $100,000 of such accrued interest to pay those costs and expenses.

If we were to expend all of the net proceeds of this offering and
the sale of the private placement securities, other than the proceeds deposited in the trust account, and without taking into account
interest, if any, earned on the trust account and any tax payments or expenses for the dissolution of the trust, the per-share redemption
amount received by stockholders upon our dissolution would be approximately $10.10 per share (or $10.087 per share if the underwriters
exercise their over-allotment option in full). The proceeds deposited in the trust account could, however, become subject