Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 251

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 251
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 offer rules, our amended
and restated articles of incorporation provide that a public stockholder, together with any affiliate of such stockholder or any other
person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act),
will be restricted from redeeming its shares with respect to Excess Shares, without our prior consent. However, we would not be restricting
our stockholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business combination.
Our stockholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial business
combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares in open market transactions.
Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial
business combination. And, as a result, such stockholders will continue to hold that number of shares exceeding 15% and, in order to
dispose such shares would be required to sell their shares in open market transactions, potentially at a loss.

If we seek stockholder approval in connection with our initial business combination, our initial stockholders, sponsor, officers and directors and the underwriters have agreed to vote any founder shares and Underwriter Shares they hold and any public shares purchased during or after this offering in favor of our initial business combination. As a result, in addition to the founder shares, the private shares and the Underwriter Shares, we would need only 329,376, or approximately 4.12%, of the 8,000,000 public shares sold in this offering to be voted in favor of an initial business combination (assuming all outstanding shares are voted and the shares underlying the Underwriter Units and the private units are voted in favor of the transaction) in order to have our initial business combination approved (assuming the over-allotment option is not exercised and a quorum is present at the meeting). In the event that the over-allotment option is exercised and a quorum is present at the meeting, in addition to the founder shares, the private shares and the Underwriter Shares, we would need only 399,876, or approximately 4.35%, of the 9,200,000 public shares sold in this offering to be voted in favor of an initial business combination (assuming all outstanding shares are voted and the Underwriter Shares are voted in favor of the transaction) in order to