Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 76

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 76
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 value requirement described above and could complete a business combination with a target business
having a fair market value substantially below 80% of the balance in the trust account.

If the net proceeds of this offering not being held in the trust account are insufficient to allow us to operate for at least the 24 months following the closing of the offering, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination, and we will depend on loans from our sponsor or management team to fund our search and to complete our initial business combination.

Of the net proceeds of this offering, only approximately $341,500
(or $221,500 if over-allotment option is exercised in full) will be available to us initially outside the trust account to fund our working
capital requirements. We believe that, upon the closing of this offering, the funds available to us outside of the trust account, and
the amount we are permitted to withdraw annually for working capital purposes (not to exceed $1,000,000) from interest earned on the
funds held in the trust account, will be sufficient to allow us to operate for at least the 24 months following such closing; however,
we cannot assure you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds available to us
to pay fees to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment
or to fund a “no-shop” provision (a provision in letters of intent or merger agreements designed to keep target businesses
from “shopping” around for transactions with other companies or investors on terms more favorable to such target businesses)
with respect to a particular proposed business combination, although we do not have any current intention to do so. If we entered into
a letter of intent or merger agreement where we paid for the right to receive exclusivity from a target business and were subsequently
required to forfeit such funds (whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching
for, or conduct due diligence with respect to, a target business.

In the event that our offering expenses exceed our estimate of
$1,108,500 (whether or not the underwriters overallotment option is exercised), we may fund such excess with funds not to be held in
the trust account. In such case, the amount of funds we intend to be held outside the trust account would decrease by