Company: FVN
Filing Date: 2025-01-07
Form Type: DRS/A
Source: 0001829126-25-000092
Chunk: 184

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-01-07
Form: DRS/A
Chunk 184
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 and Articles of Association, Future Vision had until March 13, 2026 to consummate a business combination. However, if Future Vision anticipates that it may not be able to consummate a business combination by March 13, 2026, it may extend the period of time to consummate a Business Combination up to six times, each by an additional one month (for a total of 24 months to complete a Business Combination) (the “Combination Period”). In order to extend the time available for Future Vision to consummate a Business Combination, the Sponsor or its affiliate or designees must deposit into the Trust Account an amount of $191,475 ($0.0333 per Future Vision public share), for each one-month extension.

After closing Future Vision’s IPO on September 13, 2024, the officers and directors of Future Vision began formulating a plan to contact potential candidates for a business combination. In addition, we were contacted by a number of individuals and entities with respect to business combination opportunities.

Future Vision’s evaluated each candidate in the context of the screening criteria established by its management, which included:

| ● | those which have exhibited strong growth in revenue or profit in recent fiscal periods or have healthy cash flow from operations;                                                                                                                            |
| ● | those which may offer an attractive return for our shareholders, potential upside from growth in the target business and with an improved capital structure will be provide a favorable upside reward metric measured against any identified downside risks; |
| ● | candidates which meet some key characteristics such as being or having the capability of being a disruptive participant within an industry, especially Artificial Intelligence or the Intelligent digital technology industries;                             |
| ● | candidates which are capable of obtaining both organic and acquisitive growth;                                                                                                                                                                               |
| ● | those candidates which are or can be positioned to enhance shareholder value and revenue growth as a result of increased presence across geographic borders; and                                                                                             |
| ● | candidates which possess exploitable intellectual property                                                                                                                                                                                                   |

Our business strategy was to identify and complete our business combination with one or more entities that meets one or more criteria of:

| ● | being or having the potential to be disruptive in the Artificial Intelligence or Intelligent digital technology industry; |
| ● | possessing a strong growth record;                                                                                        |
| ● | significant potential for further growth;                                                                                 |
| ● | a leading technology position or potential for such position; or                                                          |
| ● | a proven management team prepared for being a public company.                                                             |

Up until November 13, 2024,