Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 145

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 145
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 will reduce the funds available for dividends on our common stock if declared, 
 expenses, capital expenditures, acquisitions and other general corporate purposes;                                                        |

| ● | limitations on our flexibility in                                                             
 planning for and reacting to changes in our business and in the industry in which we operate; |

| ● | increased vulnerability to adverse                                                                                 
 changes in general economic, industry and competitive conditions and adverse changes in government regulation; and |

| ● | limitations on our ability to borrow                                                                                                
 additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other 
 purposes and other disadvantages compared to our competitors who have less debt.                                                    |

We expect to incur significant costs in the pursuit of our initial
business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations nor generated any revenues
to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following
this offering, we will not generate any operating revenues until after completion of our initial business combination. We will generate
non-operating income in the form of interest income on cash and cash equivalents after this offering. There has been no significant change
in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements.
After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting
and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of
this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior to
the closing of this offering through the payment by our sponsor of $25,000 to cover certain of our offering costs in exchange for the
issuance of the founder shares to our sponsor and $150,000 in loan from our sponsor of which $125,000 has been drawn.

We estimate that the net proceeds from the sale of the units in
this offering, the sale of the private units for an aggregate purchase price of $2,483,000 and the sale of the $15 Exercise Price Warrants
for an aggregate purchase price of $100,000, after deducting offering expenses of approximately $1,108,500 (whether or not the underwriters
overallotment option is exercised) and underwriting commissions of $750,000 (or $