Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 334

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 334
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15. Recent Sales of Unregistered Securities.

On October 6, 2023, FG Merger Investors II LLC, our sponsor, purchased an aggregate of 2,156,250 shares of our common stock (the "founder shares"), in exchange for a capital contribution of $25,000 at an average purchase price of approximately $0.012 per share. On October 18,
2023, the sponsor transferred an aggregate of 465,000 founder shares to members of the Company's management,board of directors and senior
advisors, resulting in the Sponsor holding 1,691,250 founder shares. On August 21, 2024, we issued a dividend of approximately 0.07 founder
shares for every issued and outstanding founder share, or an aggregate of 143,750 founder shares (the “Dividend Shares”),
resulting in our initial stockholders holding an aggregate of 2,300,000 founder shares. On August 21, 2024, our directors, officers and
senior advisors transferred 31,000 Dividend Shares to the sponsor. On August 21, 2024, the sponsor transferred an aggregate of 150,000
founder shares to officers of the Company, resulting in the Sponsor holding 1,685,000 founder shares. On January [_], 2025, the sponsor,
our directors, officers and senior advisors transferred an aggregate of 200,000 founder shares to Fundamental Global Inc., resulting
in the sponsor holding 1,540,000 founder shares and our directors, officers and senior advisors holding 560,000 founder shares in aggregate.
In addition, on January [_], 2025, our sponsor transferred an aggregate of 75,000 founder shares to Ramnarain Joseph Jaigobind, resulting
in our sponsor holding 1,465,000 founder shares. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 9,200,000 units if the underwriters’ over-allotment option is exercised in full and therefore that such founder shares would represent 20% of the outstanding shares after this offering (excluding the shares of common stock underlying the public rights, the Underwriter Units, the EarlyBird Units, the private units, the $15 Exercise Price Warrants and the units issuable upon