FG Merger II Corp. (FGMC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 88.87% of current shares
Recent Dilution: 347.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
10M
Potential Supply
9.2M
Additional shares possible
Splits
None
Past 2 years

Summary

FGMC currently has 10.3M outstanding shares. with significant dilution risk as 9.15M authorized shares could dilute existing holders by 88.9%. The company has significantly diluted shareholders by 347.64% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 10.3M shares outstanding

10M 9.2M
Mar 31, 2026

10-K filing | 10.3M shares outstanding

10M 9.2M
Nov 05, 2025

10-Q filing | 10.3M shares outstanding

10M 9.2M
Jul 25, 2025

10-Q filing | 10.3M shares outstanding

10M 9.2M
Apr 30, 2025

10-Q filing | 10.3M shares outstanding

10M 9.2M
Feb 21, 2025

10-K filing | 10.3M shares outstanding

10M 9.2M
Feb 05, 2025

8-K filing: FG Merger Corp. consummated its initial public offering of 8,000,000 units at $10.00 per unit, generating gross proceeds of $80,000,000, and also consummated private placements of units and warrants with the Sponsor and Ramnarain Joseph Jaigobind for $2,583,000. ($80.1M proceeds)

2.3M 9.2M
Feb 03, 2025

8-K filing: FG Merger II Corp. consummated its initial public offering of 8,000,000 units at $10.00 per Unit, generating gross proceeds of $80,000,000, and simultaneously consummated private placements of units and warrants with the Sponsor and Ramnarain Joseph Jaigobind for $2,583,000. ($82.58M proceeds)

2.3M 9.2M
Jan 21, 2025

S-1/A filing: This is an S-1/A filing for a blank check company offering units consisting of common stock and rights, with private placements of units and warrants occurring simultaneously.

2.3M 9.2M
Dec 11, 2024

S-1/A filing: This S-1/A filing details the offering of 8,000,000 units at $10.00 per unit, each consisting of one share of common stock and one right to receive one-twentieth (1/20) of a share of common stock upon the consummation of an initial business combination. It also discusses private placements of units, founder shares, and warrants, as well as potential conflicts of interest and redemption rights for public stockholders.

2.3M 1M
Oct 04, 2024

S-1/A filing: This is an initial public offering of units of FG Merger II Corp., each unit consists of one share of common stock and one right to receive one-twentieth (1/20) of a share of common stock upon the consummation of an initial business combination, at an offering price of $10.00 per unit.

2.3M 9M
Aug 23, 2024

S-1/A filing: This is an initial public offering of 8,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one right to receive one-twentieth (1/20) of a share of common stock upon the consummation of an initial business combination.

2.3M 9M
Nov 27, 2023

S-1/A filing: This S-1/A filing details an initial public offering of 7,500,000 units, each consisting of one share of common stock and one-half of one redeemable warrant, at a price of $10.00 per unit, along with private placements of units and warrants to the sponsor and underwriters.

2.2M 8.7M
Oct 24, 2023

S-1 filing: FG Merger II Corp. is conducting an initial public offering of 7,500,000 units, each consisting of one share of common stock and one-half of one redeemable warrant, at $10.00 per unit and our sponsor (and/or its designees) has committed to purchase from us an aggregate of (i) 315,000 units (the "private units") at a price of $10.00 per unit, with each unit consisting of one share of common stock (the "private shares") and one-half of one warrant (each whole warrant, a "private warrant") to purchase one share of common stock at an exercise price of $11.50 per share by exercising a whole private warrant, and (ii) 1,000,000 warrants ("$15 Exercise Price Warrants" and, together with the private units, the "private placement securities") at a price of $0.10 per warrant, each exercisable to purchase one share of common stock at $15.00 per share, for an aggregate purchase price of $3,250,000.

2.2M 1M
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