Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 35

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 35
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 B. McIntyre         
 Scott D. Wollney           
 Richard E. Govignon        |     | Anti-dilution protection for an aggregate of 2,300,000                                                                            
 founder shares in order to maintain the percentage of the founder shares at 20% of the outstanding shares of the combined company 
 upon consummation of an initial business combination, as described in this prospectus                                             |     |             Issuance of additional shares of common stock to 
                            the holders of the founder shares |

| (1) | Assumes no exercise of the                                                                                                           
 over-allotment option and the full forfeiture of 300,000 shares that are subject to forfeiture by our initial stockholders depending 
 on the extent to which the underwriters’ over-allotment option is exercised.                                                         |

Because our initial stockholders acquired the founder shares at
a nominal price of $0.01, our public stockholders will incur immediate and substantial dilution upon the closing of this offering, assuming
no value is ascribed to the rights included in the units. Further, in the case that additional shares of common stock or equity-linked
securities are issued or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing
of the initial business combination, we will effect a share capitalization immediately prior to the consummation of the initial business
combination in such amount as to maintain the ownership of the initial stockholders prior to the initial business combination at 20.0%
of the issued and outstanding shares of common stock upon the consummation of the initial business combination (not including shares
of common stock underlying the rights, $15 Exercise Price Warrants, private units, Underwriter Units or EarlyBird Units) (after giving
effect to any redemptions of shares of common stock by public stockholders), including the total number of shares of common stock issued,
or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by us in
connection with or in relation to the consummation of the initial business combination, and excluding any shares or equity- linked securities
or rights exercisable for or convertible into shares issued, or to be issued, to any seller in the initial business combination. See the section titled “Risk Factors — Risks Relating to our Securities — Our sponsor paid an aggregate of $25,000 to cover certain of our offering costs in exchange for 2,300,000 founder shares, or approximately $