Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 254

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 254
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 of our public shares upon consummation of our initial business combination, in which case we may issue additional
securities or incur debt in connection with such business combination. Subject to compliance with applicable securities laws, we would
only consummate such financing simultaneously with the consummation of our initial business combination. Following our initial business
combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

As of December 31,
2024, we had cash of $1,332,505 and a working capital of $1,226,152. We have incurred and expect to continue to incur significant professional
costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a business
combination. In connection with our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s
Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue
as a Going Concern,” management has determined that these conditions raise substantial doubt about our ability to continue as a
going concern. Our management’s plan in addressing this uncertainty is funds loaned from our Sponsor, officers, directors or their
affiliates. In addition, if we are unable to complete a business combination by March 31, 2026 (or up to September 30, 2026
if extended) (“Combination Period”), our board of directors would proceed to commence a voluntary liquidation and thereby
a formal dissolution of us. There is no assurance that our plans to consummate a business combination will be successful within the Combination
Period. As a result, management has determined that such additional conditions also raise substantial doubt about our ability to continue
as a going concern. Our financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

As of December 31,
2024, we have no obligations, assets or liabilities that would be considered off-balance sheet arrangements. We do not participate in
transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest
entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into
any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities,
or purchased any non-financial assets.

Contractual Obligations

As of December