Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 253

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 253
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 rights to liquidating distributions from the trust account with respect to their founder shares and Underwriter
Shares if we fail to complete our initial business combination within 24 months from the closing of this offering (or such later date
pursuant to an approved extension), or any extended period of time that we may have to consummate an initial business combination as
a result of an amendment to our amended and restated articles of incorporation. However, if our initial stockholders or management team
acquire public shares in or after this offering, they will be entitled to liquidating distributions from the trust account with respect
to such public shares if we fail to complete our initial business combination within the prescribed time period.

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In the event of a liquidation, dissolution or winding up of the company
after a business combination, our stockholders are entitled to share ratably in all assets remaining available for distribution to them
after payment of liabilities and after provision is made for each class of shares, if any, having preference over the common stock. Our
stockholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable to the common stock, except
that we will provide our public stockholders with the opportunity to redeem their public shares (up to an aggregate of 15% for each public
stockholder of the shares sold in this offering, as described in more detail in this prospectus) for cash at a per share price 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interest shall be net of funds withdrawn for working capital purposes (not to exceed $1,000,000 annually) and taxes payable), divided
by the number of then outstanding public shares, upon the completion of our initial business combination, subject to the limitations
described herein.

Founder Shares

Except as described below, the founder shares are identical to the
shares of common stock included in the units being sold in this offering, and holders of founder shares have the same stockholder rights
as public stockholders, except that (i) the founder shares are subject to certain transfer restrictions, as described in more detail
below, and (ii) our initial stockholders, sponsor, officers and directors have entered into a letter agreement with us, pursuant
to which they have agreed (A) to waive their redemption rights with respect to any founder shares and public shares they hold in
connection with the completion of our initial