Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 185

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 185
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 provisions of our amended and restated articles of incorporation. However, we will
seek stockholder approval if it is required by law or applicable stock exchange rule, or we may decide to seek stockholder approval for
business or other legal reasons.

Presented in the table below is a graphic explanation of the types
of initial business combinations we may consider and whether stockholder approval is currently required under Nevada law for each such
transaction.

| Type of Transaction                                         |     | Whether     
 Stockholder 
 Approval is 
 Required    |
| Purchase of assets                                          |     | No          |
| Purchase of stock of target not involving a merger with the 
 company.                                                    |     | No          |
| Merger of target into a subsidiary of the company.          |     | No          |
| Merger of the company with a target                         |     | Yes         |

Under NASDAQ’s listing rules, stockholder approval would be
required for our initial business combination if, for example:

| ● | We                                                                                       
 issue (other than in a public offering for cash) shares of common stock that will either 
 (a) be equal to or in excess of 20% of the number of our shares of common stock then     
 outstanding or (b) have voting power equal to or in excess of 20% of the voting power    
 then outstanding;                                                                        |

| ● | Any                                                                                             
 of our directors, officers or substantial stockholders (as defined by NASDAQ rules) has a       
 5% or greater interest, directly or indirectly, in the target business or assets to be acquired 
 and if the number of shares of common stock to be issued, or if the number of shares of common  
 stock in which the securities may be convertible or exercisable, exceeds either (a) 1%          
 of the number of shares of common stock or 1% of the voting power outstanding before the        
 issuance in the case of any of our directors and officers and (b) 5% of the number of           
 shares of common stock or 5% of the voting power outstanding before the issuance in the case    
 of any substantial securityholder; or                                                           |

| ● | The                                                                                      
 issuance or potential issuance of common stock will result in our undergoing a change of 
 control.                                                                                 |

The decision as to whether we will seek stockholder
approval of a proposed business combination in those instances in which stockholder approval is not required by applicable law or stock
exchange rule will be made by us, solely in our discretion, and will be