Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 57

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 date of issuance (or from the
         date that it becomes probable that the instrument will become redeemable, if later)
         to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust
         the carrying amount of the instrument to equal the redemption value at the end of
         each reporting period. The Company has elected the accretion method (i) to recognize the changes in redemption value as a charge against retained earnings or, in the absence of retained earnings, as a charge against additional paid-in capital, over an expected 18-month period, which is the
         initial period that the Company has to complete a Business Combination.

    11

FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED
            CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

For the six months ended June 30, 2025, the Company recorded accretion of ordinary share subject to redemption value
         of $4,409,321. For the three months ended June 30, 2025, the Company recorded accretion of ordinary share subject to redemption value
         of $3,308,723.

As of June 30, 2025, the ordinary shares subject to possible redemption reflected in the condensed balance sheet are recorded in the following table:

    Schedule of Ordinary shares subject to possible redemption

    Gross proceeds
     
    $
    57,500,000

    Less:

    Proceeds allocated to public rights

    (5,010,612
    )
  
    Offering costs allocated to redeemable shares

    (1,684,693
    )
  
    Plus:

    Accretion of carrying value to redemption value

    1,332,947

    Ordinary
    shares subject to possible redemption as of December 31, 2024
     
    $
    52,137,642

    Plus:

    Accretion of carrying value to redemption value

    4,409,321

    Ordinary shares subject to possible redemption as of June 30, 2025 (Unaudited)
     
    $
    56,546,963

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational