Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 176

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 176
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 prohibited from pursuing an initial business combination
with a company that is affiliated with our sponsor, executive officers or directors, or completing the business combination through a
joint venture or other form of shared ownership with our sponsor, executive officers or directors; accordingly, such affiliated person(s)
may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination as such affiliated person(s) would have interests different from our public stockholders and would likely
not receive any financial benefit unless we consummated such business combination. In the event we seek to complete an initial business
combination with a target that is affiliated with our sponsor, executive officers or directors, we, or a committee of independent directors,
would obtain an opinion from an independent investment banking firm which is a member of FINRA or a valuation or appraisal firm stating
that such an initial business combination is fair to our company from a financial point of view.

Members of our management team and our independent directors and their
affiliates will directly or indirectly own founder shares and/or private placement securities following this offering and, accordingly,
may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination. The low price that our sponsor, executive officers and directors (directly or indirectly) paid for
the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select
an acquisition target that subsequently declines in value and is unprofitable for public stockholders. If we are unable to complete our
initial business combination within the completion window, the founder shares and private placement securities may expire worthless,
except to the extent they receive liquidating distributions from assets outside the trust account, which could create an incentive for
our sponsor, executive officers and directors to complete a transaction even if we select an acquisition target that subsequently declines
in value and is unprofitable for public stockholders. Further, each of the members of our management team may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such person was included by a target
business as a condition to any agreement with respect to our initial business combination. See “Management — Conflicts of Interest” for additional information.

The low price that our sponsor, officers, directors and senior advisors
(directly or indirectly) paid for the founder shares creates an incentive whereby our management team could potentially make a substantial
profit even if we select an