Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 77

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 77
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 a corresponding
amount. Conversely, in the event that the offering expenses are less than our estimate of $1,108,500 (whether or not the underwriters
overallotment option is exercised), the amount of funds we intend to be held outside the trust account would increase by a corresponding
amount. The amount held in the trust account will not be impacted as a result of such increase or decrease. If we are required to seek
additional capital, we would need to borrow funds from our sponsor, management team or other third parties to operate or may be forced
to liquidate. Neither our sponsor, members of our management team nor any of their affiliates is under any obligation to advance funds
to us in such circumstances. Any such advances would be repaid only from funds held outside the trust account or from funds released
to us upon the completion of our initial business combination. Up to $1,500,000 of such loans may be convertible into units at a price
of $10.00 per unit at the option of the lender. The units would be identical to the private units. 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. If we are unable to complete our initial business combination because we do not have sufficient funds available to us,
we will be forced to cease operations and liquidate the trust account. Consequently, our public stockholders may only receive an estimated
$10.10 per share ($10.087 per share if the underwriters exercise their over-allotment option in full), or possibly less, on our redemption
of our public shares, and our rights will expire worthless.

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The securities in which we invest the proceeds held in the trust account could bear a negative rate of interest, which could reduce the interest income available for payment of taxes or reduce the value of the assets held in trust such that the per share redemption amount received by stockholders may be less than $10.10 per share (or $10.087 per share if the underwriters exercise their over-allotment option in full).

The net proceeds of this offering and certain proceeds from the
sale of the private placement securities, in the amount of $80,800,000 (or $92,800,000