FG Merger II Corp (FGMC) is a blank check company formed for the purpose of completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company generates no operating revenue. Its capital structure consists of trust account assets, funded by an IPO that closed January 30, 2025, raising gross proceeds of $80,000,000 from the sale of 8,000,000 units at $10.00 per unit, with $80,800,000 ($10.10 per unit) placed into a trust account invested in a U.S. Treasury-focused money market fund as of December 31, 2025. FG Merger II Corp is headquartered at 104 S. Walnut Street, Unit 1A, Itasca, IL 60143. The sponsor entity is FG Merger Investors II LLC, which held approximately 11% of outstanding common stock as of the filing date. Working capital as of December 31, 2025 was supported by a cash balance of $486,900, after withdrawing $1,200,000 from the trust for working capital and $500,000 for tax obligations during the year ended December 31, 2025.

Revenue model

No operating revenue. Interest income earned on trust account assets, invested in a U.S. Treasury money market fund, constitutes the only income. During the year ended December 31, 2025, the company withdrew $1,200,000 of trust interest for working capital and $500,000 for tax obligations.

Products and services

Blank check SPAC structure. Offered units at $10.00 per unit in IPO (January 30, 2025), each consisting of common stock and warrants. Also issued Private Placement units and Private Warrants generating proceeds of $2,483,000 and $100,000 respectively at IPO close.

Customers and end markets

Public stockholders who participated in the IPO are the primary capital providers. The end market is an unidentified acquisition target business. No operating customers exist as of December 31, 2025.

Value-chain role

SPAC sponsor vehicle. Raises capital from public markets, holds proceeds in trust, and seeks a business combination target. Management sourcing and evaluation of acquisition candidates is the core activity prior to a deal.

Geographic exposure

Incorporated and headquartered in the United States (Itasca, IL). No disclosed geographic target for acquisitions as of the 10-K filed 2026-03-31.

Source: SEC 10-K, filed 2026-03-31

Industry: Blank Checks