Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 114

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 114
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 material probable dilution (but excluding the effects of the Business Combination transaction itself):

|                                                                                     | ​     
 ​ ​ ​ | No Redemption 
 Scenario      |            | ​     
 ​ ​ ​ | 50% Redemption 
 Scenario       |            | ​     
 ​ ​ ​ | Maximum    
 Redemption 
 Scenario   |            |
|:------------------------------------------------------------------------------------|:------|:--------------|-----------:|:------|:---------------|-----------:|:------|:-----------|-----------:|
| Offering Price of the Securities in the Initial Registered offering price per share | ​     | $             |         10 | ​     | $              |         10 | ​     | $          |         10 |
| Net tangible book value, as adjusted(1)                                             | ​     | ​             | 77,010,341 | ​     | ​              | 36,085,251 | ​     | ​          | -4,839,840 |
| As adjusted Shares(2)                                                               | ​     | $             | 11,125,380 |       | ​              |  7,125,380 | ​     | ​          |  3,125,380 |
| Net tangible book value per share, as adjusted, as of September 30, 2025            | ​     | $             |       6.92 | ​     | ​              |       5.06 | ​     | ​          |      -1.55 |
| Dilution per share to FGMC public stockholders                                      | ​     | $             |       3.08 | ​     | ​              |       4.94 | ​     | ​          |      11.55 |

(1) See table below for reconciliation of net tangible book value, as adjusted. (2) See table below for reconciliation of as adjusted shares.

<div align='center'>40</div>

The following table illustrates the net tangible book value, as adjusted, to FGMC’s shareholders and increase in net tangible book value to FGMC’s shareholders, excluding the effects of the Business Combination transaction itself.

|                                                                                                        | ​     
 ​ ​ ​ | No Redemption 
 Scenario      |            | ​     
 ​ ​ ​ | 50% Redemption 
 Scenario       |            | ​     
 ​ ​ ​ | Maximum    
 Redemption 
 Scenario   |            |
|:-------------------------------------------------------------------------------------------------------|:------|:--------------|-----------:|:------|:---------------|-----------:|:------|:-----------|-----------:|
|