Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 285

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 285
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 or (2) if required under an intergovernmental agreement
between the United States and an applicable foreign country, reports such information to its local tax authority, which will exchange
such information with the U.S. authorities. An intergovernmental agreement between the United States and an applicable foreign country
may modify these requirements. Accordingly, the entity through which our securities are held will affect the determination of whether
such withholding is required. Similarly, dividends in respect of our securities held by an investor that is a non-financial non-U.S.
entity that does not qualify under certain exceptions will generally be subject to withholding at a rate of 30%, unless such entity either
(1) certifies to us or the applicable withholding agent that such entity does not have any “substantial United States owners”
or (2) provides certain information regarding the entity’s “substantial United States owners,” which will in turn
be provided to the U.S. Department of Treasury. Under certain circumstances, a Non-U.S. holder might be eligible for refunds or credits
of such withholding taxes, and a Non-U.S. holder might be required to file a U.S. federal income tax return to claim such refunds or
credits.

Thirty percent withholding under FATCA was scheduled
to apply to payments of gross proceeds from the sale or other disposition of property that produces U.S.-source interest or dividends
beginning on January 1, 2019, but on December 13, 2018, the IRS released proposed regulations that, if finalized in their proposed
form, would eliminate the obligation to withhold on gross proceeds. Such proposed regulations also delayed withholding on certain other
payments received from other foreign financial institutions that are allocable, as provided for under final Treasury Regulations, to
payments of U.S.-source dividends, and other fixed or determinable annual or periodic income. Although these proposed Treasury Regulations
are not final, taxpayers generally may rely on them until final Treasury Regulations are issued. All prospective investors should consult
their tax advisors regarding the possible implications of FATCA on their investment in our securities.

THE DISCUSSION ABOVE IS
A GENERAL SUMMARY. IT DOES NOT COVER ALL TAX MATTERS THAT MAY BE IMPORTANT TO YOU. EACH INVESTOR SHOULD CONSULT ITS TAX ADVISOR ABOUT
THE TAX CONSEQUENCES OF AN INVESTMENT IN OUR COMMON STOCK AND RIGHTS BASED ON THE INVESTOR’S CIRCUMSTANCES.

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