Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 116

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 116
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Neither our initial stockholders nor, to our knowledge, any of our
officers or directors, have any current intention to purchase additional securities, other than as disclosed in this prospectus. Factors
that would be considered in making such additional purchases would include consideration of the current trading price of our common stock.
In addition, our board of directors, whose members were elected by our sponsor, is and will be divided into three classes, each of which
will generally serve for a terms for three years with only one class of directors being elected in each year. We may not hold an annual
meeting of stockholders to elect new directors prior to the completion of our initial business combination, in which case all of the
current directors will continue in office until at least the closing of the business combination. If there is an annual meeting, as a
consequence of our “staggered” board of directors, only a minority of the board of directors will be considered for election
and our initial stockholders, because of their ownership position, will have considerable influence regarding the outcome. Accordingly,
our initial stockholders will continue to exert substantial influence at least until the completion of our initial business combination.

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We may not be able to complete an initial business combination with a U.S. target company if such initial business combination is subject to U.S. foreign investment regulations and review by a U.S. government entity such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited.

The Sponsor is not controlled by and it does not have substantial
ties with a non-U.S. person. Larry G. Swets, Jr., Hassan R. Baqar, and D. Kyle Cerminara, the managers of the Sponsor, are U.S. citizens.
We do not expect the Company to be considered a “foreign person” under the regulations administered by CFIUS. However, if
our initial business combination with a U.S. business is subject to CFIUS review, the scope of which was expanded by the Foreign Investment
Risk Review Modernization Act of 2018 (“FIRRMA”), to include certain non-passive, non-controlling investments in sensitive
U.S. businesses and certain acquisitions of real estate even with no underlying U.S. business, FIRRMA, and subsequent implementing regulations
that are now in force, also subjects certain categories of investments to mandatory filings. If our potential initial business combination
with a U.S. business falls within CFI