Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 241

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 241
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 TRANSACTIONS</div>

On October 6, 2023, our sponsor paid $25,000 in exchange for
2,156,250 founder shares, or approximately $0.012 per share. On August 21, 2024, we issued a dividend of approximately 0.07 founder shares
for every issued and outstanding founder share, or an aggregate of 143,750 founder shares (the “Dividend Shares”), resulting
in our initial stockholders holding an aggregate of 2,300,000 founder shares. On August 21, 2024, our directors, officers and senior
advisors transferred 31,000 Dividend Shares to the sponsor. On August 21, 2024, the sponsor transferred an aggregate of 150,000 founder
shares to officers of the Company, resulting in the Sponsor holding 1,685,000 founder shares. On January [_], 2025, the sponsor, our
directors, officers and senior advisors transferred an aggregate of 200,000 founder shares to Fundamental Global Inc., resulting in the
sponsor holding 1,540,000 founder shares and our directors, officers and senior advisors holding 560,000 founder shares in aggregate.
In addition, on January [_], 2025, our sponsor transferred an aggregate of 75,000 founder shares to Ramnarain Joseph Jaigobind, resulting
in our sponsor holding 1,465,000 founder shares. The number of founder shares outstanding was determined based on the expectation that
the total size of this offering would be a maximum of 9,200,000 units if the underwriters’ over-allotment option is exercised in
full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering (not including the shares
of common stock underlying the Underwriter Units, the EarlyBird Units, the private units, the $15 Exercise Price Warrants, or the units
issuable upon conversion of working capital loans). Up to 300,000 of the founder shares will be forfeited by the sponsor depending on
the extent to which the underwriters’ over-allotment is exercised. If we increase or decrease the size of the offering, we will
effect a stock dividend or share contribution back to capital or other appropriate mechanism, as applicable, with respect to the founder
shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20.0% of