Company: FVN
Filing Date: 2025-01-07
Form Type: DRS/A
Source: 0001829126-25-000092
Chunk: 514

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-01-07
Form: DRS/A
Chunk 514
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mation of the initial business
combination.

Note 4 — Private Placement

The Sponsor has committed
to purchase an aggregate of 284,000 units (or 299,000 units if the underwriter’s over-allotment option is exercised in full) at
a price of $10.00 per share for approximately $2,840,000 in the aggregate (or $2,990,000 if the underwriters’ over-allotment option
is exercised in full) in a private placement that will occur simultaneously with the closing of the Proposed Public Offering. The Private
Placement Units are identical to the Public Units sold in this proposed public offering, subject to limited exceptions. The holder of
the Private Placement Units will be entitled to registration rights. In addition, these Private Placement Units may not, subject to certain
limited exceptions, be transferred, assigned or sold until the later of the completion of our initial business combination or 18 months
following the closing of the initial public offering.

Note 5 — Related Party Transactions

Founder Shares

On February 27, 2024,
the Sponsor acquired 1,437,500 ordinary shares (“Founder shares”) for an aggregate purchase price of $25,000.

As of February 29, 2024,
there were 1,437,500 Founder shares issued and outstanding, among which, up to 187,500 Founder Shares are subject to forfeiture if the
underwriters’ over-allotment is not exercised.

The Sponsor has agreed not
to transfer, assign or sell their Founder Shares (excluding any units or shares comprising the units acquired in the offering) until
the earlier to occur of (a) twelve months after the completion of our initial business combination and (b) upon completion of our initial
business combination, (x) if the last reported sale price of our ordinary shares equals or exceeds $12.00 per unit (as adjusted for share
subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day
period commencing at least 150 days after our initial business combination or (y) the date on which we complete a liquidation, merger,
share exchange, reorganization or other similar transaction after our initial business combination that results in all of our shareholders
having the right to exchange their ordinary shares for cash, securities or other property. Any permitted transferees would be subject
to the same restrictions and other agreements of our sponsor, directors and