Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 5

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 5
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 applicable federal
securities laws and will be subject to reduced public company reporting requirements.

As described in “Proposed Business — Sourcing of Potential Initial Business Combination Targets” and “Management — Conflicts of Interest,” each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities. There may be actual or potential material conflicts of interest (direct
and indirect) between the sponsor, its affiliates, or promoters as one group, and purchasers in the offering as another group in determining
whether a particular target business is an appropriate business with which to effectuate our initial business combination. The low
price that our sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby
our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines
in value and is unprofitable for public stockholders. If we are unable to complete our initial business combination within 24 months
from the closing of this offering, or by such earlier liquidation date as our board of directors may approve, the founder shares and
private rights may expire worthless, except to the extent they receive liquidating distributions from assets outside the trust account,
which could create an incentive for our sponsor, executive officers and directors to complete a transaction even if we select an acquisition
target that subsequently declines in value and is unprofitable for public stockholders. Further, each of our officers and directors may
have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such
officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination.

The following table sets forth the payments to be received by our
sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities
issued and to be issued by us to our sponsor or its affiliates. See the section titled “Summary – Sourcing of Potential Initial Business Combination Targets,” “Proposed Business – Sourcing of Potential Initial Business Combination Targets” on page 84,“Management — Conflicts of Interest” on page 113, “Managaement – Executive Officer and Director Compensation” on page 116,” “Certain Relationships and Related Party transactions” on page 127, “Description of Sec