Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 249

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 249
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 initial
business combination. Our board of directors is divided into three classes with only one class of directors being elected in each year
and each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term.

In accordance with Nasdaq corporate governance requirements, we are
not required to hold an annual meeting until one year after our first fiscal year end following our listing on the Nasdaq. We may not
hold an annual meeting to appoint new directors prior to the consummation of our initial business combination.

We will provide our public stockholders with the opportunity to
redeem all or a portion of their public shares (up to an aggregate of 15% for each public stockholder of the shares sold in this offering,
as described in more detail in this prospectus) upon the completion of our initial business combination at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account (which interest shall be net of
funds withdrawn for working capital purposes (not to exceed $1,000,000 annually) and taxes payable), divided by the number of then outstanding
public shares, subject to the limitations described herein. The amount in the trust account is initially anticipated to be $10.10 per
public share (or $10.087 per share if the underwriters exercise their over-allotment option in full). Our initial stockholders, sponsor,
officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights
with respect to any founder shares and public shares they hold in connection with the completion of our initial business combination.
In addition, the underwriters have agreed to (i) waive their redemption rights with respect to their Underwriter Shares in connection
with the completion of our initial business combination, (ii) waive their redemption rights with respect to their Underwriter Shares
in connection with a stockholder vote to approve an amendment to our amended and restated articles of incorporation (A) 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 (B) with respect to
any other provision relating to stockholders’ rights or pre