Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 106

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 106
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ees)
and Ramnarain Joseph Jaigobind have committed to purchase an aggregate of 248,300 private units, consisting of one private share and
one private right, that will also be worthless if we do not complete our initial business combination. Our initial stockholders and members
of our board of directors could make a substantial profit (approximately $18,750,000 with respect to the founder shares if the
founder shares were to be sold at $10.00 per share and assuming the underwriters do not exercise their overallotment option) after the
initial business combination even if public investors experience substantial losses and, accordingly, may have a conflict of interest
in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.
The personal and financial interests of our executive officers and directors may influence their motivation in identifying and selecting
a target business combination, completing an initial business combination and influencing the operation of the business following the
initial business combination. This risk may become more acute as the 24 month anniversary of the closing of this offering nears, which
is the deadline for our completion of an initial business combination.

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We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our stockholders’ investment in us.

Although we have no commitments as of the date of this prospectus
to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may choose to incur substantial
debt to complete our initial business combination. We and our officers have agreed that we will not incur any indebtedness unless we
have obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the trust account.
As such, no issuance of debt will affect the per share amount available for redemption from the trust account. Nevertheless, the incurrence
of debt could have a variety of negative effects, including:

| · | default and foreclosure on our assets if our operating                                                                              
 revenues after an initial business combination are insufficient to repay our debt obligations;                                      |
| · | acceleration of our obligations to repay the indebtedness                                                                           
 even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain 
 financial ratios or reserves without a waiver or renegotiation of that covenant;                                                    |