Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 318

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 318
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2023 (inception) to December 31, 2023</div>

| Cash flows from operating activities                                        |     |   |          |   |
|:----------------------------------------------------------------------------|:----|:--|---------:|:--|
| Net loss                                                                    |     | $ |   (1,782 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |   |          |   |
| Changes in operating assets and liabilities:                                |     |   |          |   |
| Deferred offering cost                                                      |     |   | (114,670 | ) |
| Deferred accrued offering cost                                              |     |   |   20,939 |   |
| Accounts payable                                                            |     |   |    1,761 |   |
| Net cash provided by operating activities                                   |     | $ |  -93,752 |   |
| Cash flows from financing activities                                        |     |   |          |   |
| Promissory note                                                             |     |   |  125,000 |   |
| Founder share issuance                                                      |     |   |   25,000 |   |
| Net cash provided by operating activities                                   |     |   |  150,000 |   |
| Net increase in cash                                                        |     | $ |   56,248 |   |
| Cash at beginning of period                                                 |     |   |        - |   |
| Cash at end of period                                                       |     | $ |   56,248 |   |
| Supplemental disclosure for non-cash financing activities                   |     |   |          |   |
| Accrual of offering costs                                                   |     | $ |  114,670 |   |

<div align='center'>The accompanying notes are an integral part of
the financial statements.

F-6

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</div>

FG Merger II Corp. (the “Company”) is a blank check company
incorporated in Nevada on September 20, 2023. The Company was formed for the purpose of merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (“Business
Combination”).

Although the Company is not limited to a particular industry or geographic
region for purposes of consummating a Business Combination, the Company intends to focus on businesses in the financial services industry.
The Company is an early stage and emerging growth