Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 289

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 289
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 respect to any founder shares. We refer to such
transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing,
if we consummate a transaction after our initial business combination which results in our
stockholders having the right to exchange their shares for cash, securities or other property,
the founder shares will be released from the lock-up. Any permitted transferees will be subject
to the same restrictions and other agreements of the company’s initial stockholders
with respect to any founder shares. The company refers to such transfer restrictions throughout
this prospectus as the lock- up.

The private placement securities (including the shares of common stock
issuable upon exercise of the $15 Exercise Price Warrants and the shares of common stock underlying the private units) will not be transferable,
assignable or salable until 30 days after the closing of the company’s initial business combination (except with respect to permitted
transferees as described herein under “Principal Stockholders — Transfers of Founder Shares and Private Placement Securities”).

Assuming no liquidation, merger, share exchange, reorganization or
other similar transaction takes place, lock-ups on the founder shares and private placement securities would expire as follows:

| Founder                                                                                                                                 
 Shares                                                                                                                                  |     | Private                                                                                                                               
 Placement Securities, Underwriter Units and Advisory Units                                                                            |
| (i) with respect to 50% of the founder shares, the                                                                                      
 earlier of (x) twelve months after the date of the consummation of an initial business combination or (y) the date on which the closing 
 price of our common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and        
 recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination and       
 (ii) with respect to the remaining 50% of the founder shares, twelve months after the date of the consummation of our initial business  
 combination                                                                                                                             |     | 30 days after the completion of the business combination,                                                                             
 provided, however, that the Underwriter Shares have been deemed compensation by FINRA and are therefore subject to a lock-up for      
 a period of 180 days immediately following the date of the effectiveness of the registration statement of which this prospectus forms 
 a part pursuant to Rule 5110(e)(1) of FINRA’s Conduct Rules.                                                                          |
| During the period commencing on the date of this prospectus and ending