Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 196

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 196
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 However, this fee would be incurred regardless of whether or not we require holders seeking to exercise redemption
rights to submit or tender their shares. The need to deliver shares is a requirement of exercising redemption rights regardless of the
timing of when such delivery must be effectuated.

Any request to redeem such shares, once made, may be withdrawn at
any time up to the date set forth in the proxy materials or tender offer documents, as applicable. Furthermore, if a holder of a public
share delivered its certificate in connection with an election of redemption rights and subsequently decides prior to the applicable
date not to elect to exercise such rights, such holder may simply request that the transfer agent return the certificate (physically
or electronically). It is anticipated that the funds to be distributed to holders of our public shares electing to redeem their shares
will be distributed promptly after the completion of our initial business combination.

If our initial business combination is not approved or completed for
any reason, then our public stockholders who elected to exercise their redemption rights would not be entitled to redeem their shares
for the applicable pro ratashare of the trust account. In such case, we will promptly return any certificates delivered by public
holders who elected to redeem their shares.

If our initial proposed initial business combination is not completed,
we may continue to try to complete an initial business combination with a different target until 24 months from the closing of this offering
(or such later date pursuant to an approved extension).

Redemption of Public Shares and Liquidation if No Initial Business Combination

Our amended and restated articles of incorporation will provide that
we will have only 24 months from the closing of this offering (or such later date pursuant to an approved extension) to complete our
initial business combination. If we do not complete our initial business combination within such 24-month period, 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 (less amounts released to us (i) for working capital purposes (but not to exceed $1,000,000 annually) and/or
(ii) to pay our tax obligations 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