Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 27

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 27
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093 in shares of FGNA. There was no extension                
 of the time period for which FGNA had to complete its business combination. Approximately 62.34% of the shares held by public stockholders 
 were redeemed in connection with the business combination.                                                                                 |

| · | FG Merger Corp. (“FGMC”) consummated a business combination                                                                            
 with iCoreConnect Inc. on August 25, 2023, seventeen months following the closing the FGMC initial public offering on March 1, 2022.   
 The aggregate consideration received by the iCoreConnect Inc. stockholders was based on a pre-transaction equity value of $98,000,000, 
 which was paid in shares of FGMC common stock. On August 14, 2023, FGMC entered into Prepaid Forward Purchase Agreement (the “FPA”)    
 by and among FGMC, Old iCore and RiverNorth SPAC Arbitrage Fund, L.P., a Delaware limited partnership (the “Purchaser”).               
 In accordance with the FPA and subject to the terms and conditions set forth therein, the Purchaser purchased the lesser of (a) 1.5    
 million shares of FGMC common stock and (b) such number of shares of FGMC common stock as not to exceed 9.9% of the total number       
 of shares of FGMC common stock to be outstanding from public shareholders for a price no greater than the redemption price per share   
 as is indicated in FGMC’s most recently filed periodic report. FGMC extended the time period for which FGMC had to complete            
 its business combination from June 1, 2023 to September 1, 2023 by, in accordance with the built-in extension terms of FGMC’s          
 charter, depositing an aggregate extension payment of $805,000 into FGMC’s trust account. Approximately 78.16% of the shares           
 held by public stockholders were redeemed in connection with the business combination.                                                 |

| · | 1347 Capital Corp. (“1347 Capital”) consummated a                                                                                           
 business combination with Limbach Holdings LLC (“Limbach Holdings”) on July 20, 2016, twenty four months following the                      
 closing the 1347 Capital initial public offering on July 21, 2014. In connection with the closing, 1347 Capital paid to the holders         
 of membership interests and options to acquire membership interests of Limbach Holdings consideration comprised of (a) $33 million          
 in