Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 138

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 138
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, assuming no value is attributed to the rights included in the units we are offering pursuant to this
prospectus, the private units or the $15 Exercise Price Warrants, and the pro forma net tangible book value per share of
our common shares after this offering constitutes the dilution to investors in this offering. Such calculation does not reflect any dilution
associated exercise of rights and $15 Exercise Price Warrants, which would cause the actual dilution to the public stockholders to be
higher, particularly where a cashless exercise is utilized. In addition, the calculation of dilution in this section assumes that no
additional securities will be issued in connection with additional financing to facilitate an initial business combination. However,
the Company may need to raise additional financing since the Company intends to seek an initial business combination with a target company
with an enterprise value significantly greater than the net proceeds of the offering and the sale of private units. Net tangible book
value per share (“NTBV”) is determined by dividing our net tangible book value, which is our total tangible assets less total
liabilities (including the value of common shares which may be redeemed for cash), as adjusted to reflect various potential redemption
levels that may occur in connection with the closing of our initial business combination, by the number of outstanding common shares.

As of September 30, 2024, our net tangible
book value was $(2,366), or approximately $(0.001) per common share. Assuming no redemptions, after giving effect to the sale of 8,000,000
common shares included in the units we are offering by this prospectus (or 9,200,000 common shares if the underwriters' over-allotment
option is exercised in full), the private placements of private units , the $15 Exercise Price Warrants, the EarlyBird Units and the
Underwriter Units and the deduction of underwriting commissions and estimated expenses of this offering, our pro forma net tangible book
value at September 30, 2024 would have been $81,139,134 or $7.883 per share (or $93,019,134 or $7.884 per share if the underwriters'
over-allotment option is exercised in full), assuming the max redemption, representing an immediate decrease in net tangible book value
(as decreased by the value of 8,000,000 common shares that may be redeemed for cash, or 9,200,000 common shares if the underwriters'
over-allotment