Camac Fund, affiliates disclose 1.49M FG Merger II (FGMC) common shares on Form 3

Rhea-AI Filing Summary

FG Merger II Corp. received an initial ownership report on its common stock from a group led by Camac Fund, LP. The filing shows 1,494,101 shares of common stock held indirectly, with Camac Fund owning the shares directly and related entities Camac Partners, Camac Capital, Atsion Asset Management, and individuals Eric Shahinian and John Salemi potentially deemed indirect beneficial owners. Each reporting person states that they only claim beneficial ownership to the extent of any pecuniary interest in these securities.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Atsion Asset Management LLC, Salemi John Patrick, Camac Fund, LP, Camac Partners, LLC, Camac Capital, LLC, Shahinian Eric

Role null | null | null | null | null | null

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,494,101 shares (Indirect, See foonotes)

Footnotes (1)

1. [object Object]

Key Figures

Common stock held: 1,494,101 shares

1 metrics

Common stock held 1,494,101 shares Indirect ownership reported on Form 3

Key Terms

ten percent owner, indirectly beneficially owned, pecuniary interest, sub-adviser, +1 more

5 terms

ten percent owner regulatory

"Each reporting person is identified as a ten percent owner of FG Merger II Corp."

indirectly beneficially owned financial

"may be deemed to be indirectly beneficially owned by Camac Partners, Camac Capital and others"

pecuniary interest financial

"disclaims beneficial ownership ... except to the extent of its or his pecuniary interest"

sub-adviser financial

"Atsion Asset Management LLC ("Atsion"), the sub-adviser to the Fund"

A sub-adviser is an outside investment manager that a fund or primary adviser hires to run all or part of a portfolio. Think of it as a specialist contractor brought in by a general contractor to handle a complex piece of a project: the sub-adviser brings specific expertise and makes trading and allocation decisions for the assets they oversee. Investors care because a sub-adviser’s skill, strategy, fees and potential conflicts directly affect returns, risk and transparency.

general partner financial

"Camac Capital, LLC ("Camac Capital"), the general partner of the Fund"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

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FAQ

What does the FGMC Form 3 filed by Camac-related entities report?

The Form 3 reports initial ownership of FG Merger II Corp. common stock. It shows Camac Fund, LP directly holding 1,494,101 shares, with several related entities and individuals potentially deemed indirect beneficial owners, subject to their actual pecuniary interest.

How many FGMC shares are reported as owned in this Form 3?

The filing reports 1,494,101 shares of FG Merger II Corp. common stock. These shares are owned directly by Camac Fund, LP and may be deemed indirectly beneficially owned by related investment entities and individuals, subject to their respective pecuniary interests.

Who directly owns the FGMC shares disclosed in this Form 3?

Camac Fund, LP directly owns the FG Merger II Corp. common stock reported. Other reporting persons, including Camac Partners, Camac Capital, Atsion Asset Management, Eric Shahinian, and John Salemi, may be deemed indirect beneficial owners through management and advisory roles.

How is beneficial ownership characterized in the FGMC Form 3 filing?

Each reporting person disclaims beneficial ownership beyond any pecuniary interest in the FG Merger II Corp. shares. The filing specifies that indirect beneficial ownership may be attributed through roles such as investment manager, general partner, managing member, and sub-adviser to Camac Fund, LP.

What type of ownership is shown for the FGMC shares in this Form 3?

The Form 3 shows indirect ownership of FG Merger II Corp. common stock. The 1,494,101 shares are held by Camac Fund, LP, while related entities and individuals are listed as potential indirect beneficial owners due to their control or advisory relationships with the fund.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Atsion Asset Management LLC

(Last) (First) (Middle)

35 GROVE STREET, APT 6E

(Street)

NEW YORK, NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/15/2026

3. Issuer Name and Ticker or Trading Symbol
FG Merger II Corp. [ FGMC ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,494,101	I	See foonotes(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Atsion Asset Management LLC

(Last) (First) (Middle)

35 GROVE STREET, APT 6E

(Street)

NEW YORK, NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Salemi John Patrick

(Last) (First) (Middle)

35 GROVE STREET, APT 6E

(Street)

NEW YORK, NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Camac Fund, LP

(Last) (First) (Middle)

1601-1 N. MAIN STREET #3159, SMB#92283

(Street)

JACKSONVILLE, FLORIDA 32206

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Camac Partners, LLC

(Last) (First) (Middle)

1601-1 N. MAIN STREET #3159, SMB#92283

(Street)

JACKSONVILLE, FLORIDA 32206

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Camac Capital, LLC

(Last) (First) (Middle)

1601-1 N. MAIN STREET #3159, SMB#92283

(Street)

JACKSONVILLE, FLORIDA 32206

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Shahinian Eric

(Last) (First) (Middle)

1601-1 N. MAIN STREET #3159, SMB#92283

(Street)

JACKSONVILLE, FLORIDA 32206

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. (1) The securities are owned directly by Camac Fund, LP (the "Fund") and may be deemed to be indirectly beneficially owned by (i) Camac Partners, LLC ("Camac Partners"), the investment manager of the Fund, (ii) Camac Capital, LLC ("Camac Capital"), the general partner of the Fund as well as the managing member of Camac Partners, (iii) Eric Shahinian, the manager of Camac Capital, (iv) Atsion Asset Management LLC ("Atsion"), the sub-adviser to the Fund and (v) John Salemi, the managing member of Atsion. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	Atsion Asset Management LLC By: /s/ John Salemi Managing Member	06/22/2026
	Camac Fund, LP By: Camac Capital, LLC, its General Partner By: /s/ Eric Shahinian Manager	06/22/2026
	Camac Partners, LLC By: Camac Capital, LLC, its Managing Member By: /s/ Eric Shahinian Manager	06/22/2026
	Camac Capital, LLC By: /s/ Eric Shahinian Manager	06/22/2026
	/s/ John Salemi John Salemi	06/22/2026
	/s/ Eric Shahinian Eric Shahinian	06/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)