Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 56

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 56
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 complete our initial business combination. If we are unable to complete our initial business combination within     
 such 24 month, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not        
 more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount        
 then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of        
 funds withdrawn for working capital purposes (not to exceed $1,000,000 annually) and taxes payable, and up to $100,000 of interest to         
 pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public        
 stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly        
 as reasonably possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate 
 and dissolve, subject, in each case, to our obligations under Nevada law to provide for claims of creditors and the requirements of other     
 applicable law. There will be no redemption rights or liquidating distributions with respect to our public rights, which will expire          
 worthless if we fail to complete our initial business combination within the 24 month time period.                                            |
|                                                                            |     | If we do not complete our initial business combination within the completion window, while we do not currently                                
 intend to seek stockholder approval to amend our amended and restated certificate of incorporation to extend the amount of time we will       
 have to consummate an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions        
 that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months         
 from the closing of this offering. If we determine not to or are unable to extend the time period to consummate our initial business          
 combination or fail to obtain stockholder approval to extend the completion window, our sponsor’s investment in our founder shares,           
 private units and the $15 Exercise Price Warrants will be worthless.                                                                          |

| Our initial stockholders and holders of the Underwriter Shares have entered                                                                
 into agreements with us, pursuant to which they have waived their rights to liquidating distributions from the trust account with          
 respect to their founder shares if we fail to complete our initial business combination