Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 497

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 497
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. Accordingly, the Company does not accumulate discrete financial information with respect to separate divisions and does not have separate operating or reportable segments. Since the Company operates in oneoperating segment, all required financial segment information can be found in the financial statement. Recently issued accounting standard In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07, which is applicable to entities with a single reportable segment, will primarily require enhanced disclosures about significant segment expenses and enhanced disclosures in interim periods. The guidance in ASU 2023-07 will be applied retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2023 and interim reporting periods in fiscal years beginning after December 31, 2024, with early adoption permitted. The Company adopted this guidance as of January 31, 2025. The adoption resulted in disclosure changes only.

NOTE 3. INITIAL PUBLIC OFFERING On January 30, 2025, the Company consummated its IPO of 8,000,000Units at $ 10.00per unit. The Units were sold at a price of $ 10.00per Unit, generating gross proceeds to the Company of $ 80,000,000.

NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the IPO, the Company consummated Private Placement in which i) Sponsor and Ramnarain Joseph Jaigobind purchased 223,300and 25,000Private Units respectively, at a price of $ 10.00per Private Unit, generating total proceeds of $ 2,483,000and ii) the Sponsor purchased in aggregate of 1,000,000$ 15Private Warrants”) at a price of $ 0.10per $ 15Private Warrant, each exercisable to purchase oneshares of common stock at $ 15.00per share, for an aggregate purchase price of $ 100,000.

NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares On October 6, 2023, the Company issued an aggregate of 2,156,250shares of common stock (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $ 25,000in cash. On October 18, 2023, the Sponsor transferred an aggregate of 465,000Founder Shares to members of the Company’s management, board