Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 148

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 148
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 to such loans. Prior to
the completion of our initial business combination, we do not expect to seek loans from parties other than our sponsor or an affiliate
of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights
to seek access to funds in our trust account.

We expect our primary liquidity requirements during that period
to include approximately $777,500 (or $657,500 if the over-allotment option is exercised in full) for legal, accounting, due diligence,
travel and other expenses associated with structuring, negotiating and documenting successful business combinations; $64,000 for accounting
fees related to regulatory reporting requirements; $140,000 for NASDAQ listing and filing fees; and $360,000 for administrative services
provided by our sponsor and/or its affiliates (for up to 24 months), including for office space, secretarial and administrative services
provided to members of our management team subsequent to the closing of this offering. We expect to be able to pay for such expenses
out of the approximately $341,500 (or $221,500 if over-allotment option is exercised in full) of net proceeds not held in the trust account
and up to $1,000,000 we are permitted to withdraw annually for working capital purposes from interest earned on the funds held in the
trust account. We estimate the interest earned on the trust account (assuming no exercise of the over-allotment option) will be approximately
$3,151,200 per year, assuming an interest rate of 3.9% per year; however, we can provide no assurances regarding this amount.

These amounts are estimates and may differ materially from our actual
expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment fees for financing, fees to consultants
to assist us with our search for a target business or as a down payment or to fund a “no-shop” provision (a provision designed
to keep target businesses from “shopping” around for transactions with other companies or investors on terms more favorable
to such target businesses) with respect to a particular proposed business combination, although we do not have any current intention
to do so. If we entered into an agreement where we paid for the right to receive exclusivity from a target business, the amount that
would be used as a down payment or to fund a “no-shop” provision would be determined based on the terms of the specific business