Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 184

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 184
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 one or several industries, it is probable
that we will not have the resources to diversify our operations and mitigate the risks of being in a single line of business. By completing
our initial business combination with only a single entity, our lack of diversification may:

| ● | subject                                                                                    
 us to negative economic, competitive and regulatory developments, any or all of which may  
 have a substantial adverse impact on the particular industry in which we operate after our 
 initial business combination, and                                                          |

| ● | cause                                                                                    
 us to depend on the marketing and sale of a single product or limited number of products 
 or services.                                                                             |

Limited Ability to Evaluate the Target’s Management Team

Although we intend to closely scrutinize the management of a prospective
target business when evaluating the desirability of effecting our initial business combination with that business, our assessment of
the target business’s management may not prove to be correct. In addition, the future management may not have the necessary skills,
qualifications or abilities to manage a public company. Furthermore, the future role of members of our management team, if any, in the
target business cannot presently be stated with any certainty. The determination as to whether any of the members of our management team
will remain with the combined company will be made at the time of our initial business combination. While it is possible that one or
more of our directors will remain associated in some capacity with us following our initial business combination, it is unlikely that
any of them will devote their full efforts to our affairs subsequent to our initial business combination. Moreover, we cannot assure
you that members of our management team will have significant experience or knowledge relating to the operations of the particular target
business.

We cannot assure you that any of our key personnel will remain in
senior management or advisory positions with the combined company. The determination as to whether any of our key personnel will remain
with the combined company will be made at the time of our initial business combination.

Following a business combination, we may seek to recruit additional
managers to supplement the incumbent management of the target business. We cannot assure you that we will have the ability to recruit
additional managers, or that additional managers will have the requisite skills, knowledge or experience necessary to enhance the incumbent
management.

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Stockholders May Not Have the Ability to Approve Our Initial Business Combination

We may conduct redemptions without a stockholder vote pursuant to
the tender offer rules of the SEC subject to the