other material
confidence high
sentiment neutral
materiality 0.35
FG Merger II caps trust-withdrawal capacity at $1.2M per side letter
FG Merger II Corp.
- On May 14, 2025, the SPAC voluntarily limited aggregate trust withdrawals for working capital to $1,200,000 (down from $1M/year or $2M aggregate).
- The side letter was executed with the underwriter and acknowledged by trustee Continental Stock Transfer & Trust Company.
- Permitted withdrawals for taxes and up to $100,000 of dissolution expenses are unaffected.
- The restriction applies from IPO closing through initial business combination consummation.