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FG Merger II Corp. (FGMC) is a blank check company incorporated in Nevada on September 20, 2023. It is focused on facilitating a Business Combination, which may involve mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, or reorganizations with one or more businesses or entities. FGMC does not currently sell products or services, as it has not commenced operations and is in the pre-operational phase.
- Business Combination Facilitation - Identifies and executes mergers, acquisitions, or reorganizations with target businesses, primarily in the financial services industry.
- IPO Fundraising - Raises capital through the issuance of public units, consisting of common stock and rights, to fund future business combinations.
- Private Placement Activities - Offers private units and warrants to generate additional funding for operational and strategic purposes.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
iCoreConnect, Inc. | 2024 | The acquisition, consummated on August 25, 2023, by FG Merger Corp (a SPAC), involved a pre-transaction equity valuation of $98 million with consideration paid in shares of FGMC common stock, and included a Prepaid Forward Purchase Agreement limiting share volume. |
No recent press releases or 8-K filings found for FGMC.