SCHEDULE: RiverNorth Discloses 1.39% Stake in FG Merger II Corp.

RiverNorth Capital Management, LLC has reported a 1.39% beneficial ownership stake in FG Merger II Corp. as of September 30, 2025.

Summary

• RiverNorth Capital Management, LLC, an investment adviser, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in FG Merger II Corp.
• As of September 30, 2025, RiverNorth Capital Management, LLC beneficially owns 142,969 units of FG Merger II Corp.
• This ownership represents 1.39% of the class of securities, which are identified as 'Units' with CUSIP Number 30334J201.
• RiverNorth Capital Management, LLC holds sole voting power and sole dispositive power over all 142,969 units.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of a passive investment stake and does not contain performance or strategic updates for the issuer.

Future Outlook

NA

Industry Context

This filing is a routine disclosure by an investment adviser, indicating a passive investment stake in a Special Purpose Acquisition Company (SPAC) or a company that was formerly a SPAC. It does not provide specific insights into broader industry trends or competitive positioning beyond the fact of RiverNorth's investment.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant, albeit passive, ownership stake by an institutional investor.

Key Dates

Keywords

FG Merger II Corp., RiverNorth Capital Management, Schedule 13G, Beneficial Ownership, Units, Investment Adviser, SEC Filing