Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 128

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 128
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If we pursue a target company with operations or opportunities outside
of the United States for our initial business combination, we may face additional burdens in connection with investigating, agreeing
to and completing such initial business combination, and if we effect such initial business combination, we would be subject to a variety
of additional risks that may negatively impact our operations.

If we pursue a target company with operations or opportunities outside of the United States for our initial business combination, we would be subject to risks associated with cross-border business combinations, including in connection with investigating, agreeing to and completing our initial business combination, conducting due diligence in a foreign jurisdiction, having such transaction approved by any local governments, regulators or agencies and changes in the purchase price based on fluctuations in foreign exchange rates.

If we effect our initial business combination with such a company,
we would be subject to any special considerations or risks associated with companies operating in an international setting, including
any of the following:

| · | costs and difficulties inherent in managing cross-border 
 business operations;                                     |

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| · | rules and regulations regarding currency redemption; |

| · | complex corporate withholding taxes on individuals; |

| · | laws governing the manner in which future business 
 combinations may be effected;                      |

| · | exchange listing and/or delisting requirements; |

| · | tariffs and trade barriers; |

| · | regulations related to customs and import/export matters; |

| · | local or regional economic policies and market conditions; |

| · | unexpected changes in regulatory requirements; |

| · | challenges in managing and staffing international operations; |

| · | longer payment cycles; |

| · | tax issues, such as tax law changes and variations 
 in tax laws as compared to the United States;      |

| · | currency fluctuations and exchange controls; |

| · | rates of inflation; |

| · | challenges in collecting accounts receivable; |

| · | cultural and language differences; |
| · | employment regulations;            |

| · | underdeveloped or unpredictable legal or regulatory 
 systems;                                            |

| · | corruption; |

| · | protection of intellectual property; |

| · | social unrest, crime, strikes, riots and civil disturbances; |

| · | regime changes and political upheaval; |

| · | terrorist attacks and wars; and |

| · | deterioration of political relations with the United 
 States.                                              |

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We may not be able to adequately address these additional risks. If