Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 237

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 237
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otment option in full, will be held in the trust account. If we do not complete our initial business combination
within 24 months from the closing of this offering (or such later date pursuant to an approved extension), the private units, and the
$15 Exercise Price Warrants will expire worthless. The $15 Exercise Price Warrants are subject to the transfer restrictions described
below and will expire at 5:00 p.m. New York City Time ten years after the consummation our initial business combination. In addition,
the $15 Exercise Price Warrants will not be redeemable by us and will be exercisable on a cashless basis.

FG Merger Investors II LLC, our sponsor, and our executive officers
and directors are deemed to be our “promoters” as such term is defined under the federal securities laws.

Sponsor Ownership

Larry G. Swets, Jr., Hassan R. Baqar, and D. Kyle Cerminara are
the managers of FG Merger Investors II LLC and direct its day to day operations. The interests of the members of the sponsor are denominated
in two classes of membership interest units: Series A Units, Series B Units, Series C Units and Series D Units. The following table sets
forth information regarding the ownership of interests (assuming the underwriters exercise their overallotment option) in FG Merger Investors
II LLC, our sponsor, by each person known by us to have material direct and indirect interests in the sponsor. There are no other direct
and indirect material interests in the sponsor.

|                     |     | Series                                                
 A Units (Representing Interests in the Common Shares) |        |    |     | Series                                                
 B Units (Representing Interests in the Common Shares) |         |     | Series                                         
 C Units (Representing Interests in the Rights) |       |     | Series                                               
 D Units (Representing Interests in the OTM Warrants) |         |     | Approximate                                   
 Percentage of                                 
 Interest in the Common Shares Held by Sponsor |       |   |     | Approximate                                                
 Percentage of                                              
 of Interest in the Rights and OTM Warrants Held by Sponsor |      |   |
| Larry G. Swets, Jr. |     |                                                       |  8,000 | -1 |     |                                                       | 168,367 |     |                                                | 8,277 |     |                                                      | 333,334 |     |                                               |  9.86 |