Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 234

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 234
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PRINCIPAL STOCKHOLDERS</div>

The following table sets forth information regarding the beneficial
ownership of our common stock as of the date of this prospectus, and as adjusted to reflect the sale of our common stock included in
the units offered by this prospectus, and assuming no purchase of units in this offering, by:

| · | each person known by us                                                               
 to be the beneficial owner of more than 5% of our outstanding shares of common stock; |
| · | each of our executive officers                                                        
 and directors; and                                                                    |
| · | all our executive officers and directors as a group.                                  |

Unless otherwise indicated, we believe that all persons named in the
table have sole voting and investment power with respect to all of our common stock beneficially owned by them. The following table does
not reflect record of beneficial ownership of any shares of common stock issuable upon conversion of rights or exercise of the $15 Exercise
Price Warrants as the rights are not convertible within sixty days of the date of this prospectus and the $15 Exercise Price Warrants
are not exercisable within 60 days of the date of this prospectus.

On October 6, 2023, our sponsor paid $25,000 to cover certain of our offering costs in exchange for 2,156,250 founder shares, or approximately $0.012 per share. On October 18, 2023, the Sponsor transferred an aggregate of 465,000 founder shares to members of the Company's management,board of directors and senior advisors, resulting in the Sponsor holding 1,691,250 founder shares. 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