Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 173

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 173
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 stockholders immediately prior to our initial business combination could own less than a majority of our outstanding shares subsequent
to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned
or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be taken
into account for purposes of the 80% of net assets test described above. If the business combination involves more than one target business,
the 80% of net assets test will be based on the aggregate value of all of the target businesses.

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We are not presently engaged in, and we will not engage in, any operations
for an indefinite period of time following this offering. We intend to effectuate our initial business combination using cash from the
proceeds of this offering and the private placement of the private placement securities, the proceeds of the sale of our shares in connection
with our initial business combination (including any cash received from the sale of securities pursuant to forward purchase agreements
or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the
target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing. We may seek to complete
our initial business combination with a company or business that may be financially unstable or in its early stages of development or
growth, which would subject us to the numerous risks inherent in such companies and businesses.

If our initial business combination is paid for using equity or debt
securities, or not all of the funds released from the trust account are used for payment of the consideration in connection with our
initial business combination or used for redemptions of our common stock, we may apply the balance of the cash released to us from the
trust account for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company, the
payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the purchase of
other companies or for working capital.

We have not selected any specific business combination target and
we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination
target with respect to an initial business combination with us. Accordingly, there is no current basis for investors in this offering
to evaluate the possible merits or risks of the target business with which