Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 134

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 134
---
 the 24 months following 
 the closing of this offering.                                                                                                        |

| (9) | Our sponsor has agreed to loan us $417,000 at the closing of this offering                                                          
 pursuant to an unsecured promissory note, the funds from which will be used to fund a portion of our working capital following this 
 offering. Such note will bear interest at the rate of 12% per year and will mature one year after it is issued.                     |

The
rules of NASDAQ provide that at least 90% of the gross proceeds from this offering and
the sale of the private placement securities be deposited in a trust account. Of the $83,000,000
in gross proceeds we receive from this offering and the sale of the private placement securities
described in this prospectus, or $95,000,000 if the underwriters’ over-allotment option
is exercised in full, $80,800,000 ($10.10 per share), or $92,800,000 ($10.087 per share)
if the underwriters’ over-allotment option is exercised in full, will be deposited
into a trust account with Continental Stock Transfer & Trust Company acting as trustee,
after deducting $750,000 (or $870,000 if the over-allotment option is exercised in full)
in underwriting commissions payable upon the closing of this offering and an aggregate of
$1,250,000 (or $1,130,000 if the over-allotment option is exercised in full) to pay fees
and expenses in connection with the closing of this offering and for working capital following
this offering. The proceeds held in the trust account will be invested only in U.S. government
treasury bills with a maturity of 185 days or less or in money market funds meeting certain
conditions under Rule 2a-7 under the Investment Company Act which invest only in direct
U.S. government treasury obligations. We estimate the interest earned on the trust account
(assuming no exercise of the over-allotment option) will be approximately $3,151,200 per
year, assuming an interest rate of 3.9% per year; however, we can provide no assurances regarding
this amount.

<div align='center'>70</div>

We
expect that the interest earned on the trust account will be sufficient to pay income taxes.
We will not be permitted to withdraw any of the principal or interest held in the trust account,
except for the withdrawal