Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 46

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 46
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-initial business combination activity. The proceeds deposited       
 in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our    
 public stockholders.                                                                                                                  |

| Anticipated                  
 expenses and funding sources |     | Unless and until we complete our initial business combination,                                                                          
 no proceeds held in the trust account will be available for our use, except the withdrawal of interest to pay our taxes and/or to       
 redeem our public shares in connection with an amendment to our amended and restated articles of incorporation, as described above.     
 The proceeds held in the trust account will be invested only in U.S. government treasury obligations with a maturity of 185 days        
 or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only          
 in direct U.S. government treasury obligations. We estimate the interest earned on the trust account (assuming no exercise of the       
 over-allotment option) will be approximately $3,151,200 per year, assuming an interest rate of 3.9% per year; however, we can provide   
 no assurances regarding this amount. Unless and until we complete our initial business combination, we may pay our expenses only        
 from such interest withdrawn from the trust account (up to $1,000,000 annually for working capital purposes) and:                       
 ·                                                                                                                                       
 the net proceeds of this offering and the sale of the private placement securities not held in the trust account, which initially       
 will be approximately $341,500 (or $221,500 if the over-allotment option is exercised in full) in working capital after the payment of  
 approximately $1,108,500 (whether or not the underwriters overallotment option is exercised) in expenses relating to this offering; and 
 ·                                                                                                                                       
 any loans or additional investments from our sponsor, members of our management team or their affiliates or other third parties,        
 although they are under no obligation to advance funds or invest in us, and provided that any such loans will not have any              
 claim on the proceeds held in the trust account unless such proceeds are released to us upon the completion of our initial business     
 combination. Up to $1,500,000 of such loans may be convertible into units, at a price of $10.00 per unit, at the option of the lender.  
 The units would be identical to the private units.                                                                                      |

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| Ability to extend