Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 38

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 38
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 and retain the officers and directors that we feel are the best candidates. However,
based on the existing relationships of our sponsor, directors and officers, their level of financial investment in us and the potential
loss of such investment if no business combination is consummated, the fact that we may consummate a business combination with a target
in a broad range of sectors, and that the type of transaction that we would target would be of a nature substantially different than
what they would target, we do not believe that the fiduciary duties or contractual obligations of our officers or directors will materially
affect our ability to complete our initial business combination. Further, other than the companies named under the section entitled “Proposed
Business – Our Management Team – Prior SPAC Experience,” none of our management teams’ business affiliations
are actively engaged in the business of acquiring a company.

Our sponsor and our officers and directors or any of their affiliates
may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during
the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts
of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company
with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing
an initial business combination. Other than Aldel Financial II Inc., which is a special purpose acquisition company affiliated with Mr.
Baqar, as discussed under the section entitled “Proposed Business – Our Management Team – Prior SPAC Experience,”
the other entities to which our officers and directors currently owe fiduciary duties or contractual obligations are not themselves in
the business of engaging in business combinations. While there is no formal commitment to proceed in this manner, Mr. Baqar, to the extent
that he is presented with opportunities that could benefit a SPAC, plans to give the first suitable transaction opportunity to Aldel
Financial II Inc. and the second suitable transaction opportunity to this company, which is the sequence in which such entities are expected
to become public. If Mr. Baqar is involved in any other subsequent blank check companies in the future, Mr. Baqar plans to give priority
with respect to transaction opportunities first to Aldel Financial II Inc. and second to this company. Our sponsor is not involved in
a fiduciary capacity with, nor has any contractual obligations to, any other special purpose acquisition