Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 137

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 137
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 may use a portion of the working capital held outside the trust
account to repay such loaned amounts but no proceeds from our trust account would be used to repay such loaned amounts. 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. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist
with respect to such loans. Prior to the completion of our initial business combination, we do not expect to seek loans from parties
other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide
a waiver against any and all rights to seek access to funds in our trust account.

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DIVIDEND POLICY</div>

We have not paid any cash dividends on our common stock to date and
do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in the
future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion
of our initial business combination. Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive
covenants we may agree to in connection therewith. The payment of any cash dividends subsequent to our initial business combination will
be within the discretion of our board of directors at such time. If we increase or decrease the size of this offering pursuant to Rule 462(b) under
the Securities Act, we will effect a stock dividend or share contribution back to capital or other appropriate mechanism immediately
prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20.0% of our issued and outstanding
common stock upon the consummation of this offering (not including the shares of common stock underlying the Underwriter Units, the shares
of common stock underlying the private units, or the shares of common stock underlying the units issuable upon conversion of working
capital loans). Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends
may be limited by restrictive covenants we may agree to in connection therewith.

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DILUTION</div>

The difference between the public offering price
per share of common stock