Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 255

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 255
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2024, we had
cash of $1,332,505 available for working capital needs. All marketable securities are held in the Trust Account and is generally unavailable
for our use, prior to an initial business combination, and is restricted for use either in a business combination or to redeem the ordinary
shares. As of December 31, 2024, none of the amount on marketable securities in the Trust Account was available to be withdrawn
as described above.

For the three months
ended March 31, 2025, cash used in operating activities was $190,060. As of March 31, 2025, we had cash of $1,142,445 available for working
capital needs and marketable securities held in Trust Account of 59,218,058. All marketable securities are held in the Trust Account and
is generally unavailable for our use, prior to an initial business combination, and is restricted for use either in a business combination
or to redeem the ordinary shares. As of March 31, 2025, none of the amount on marketable securities in the Trust Account was available
to be withdrawn as described above.

We intend to use substantially
all of the net proceeds of the IPO, including the marketable securities held in the Trust Account, to acquire a target business or businesses
and to pay our expenses relating thereto, including deferred underwriting commissions of $575,000 payable to Kingswood Capital Partners,
LLC in cash, the representative of the underwriters of the IPO. To the extent that our share capital is used in whole or in part as consideration
to effect our initial business combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended
will be used as working capital to finance the operations of the target business. Such working capital funds could be used in a variety
of ways including continuing or expanding the target business’ operations, for strategic acquisitions and for marketing, research
and development of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which
we had incurred prior to the completion of our initial business combination if the funds available to us outside of the Trust Account
were insufficient to cover such expenses.

Over the next 12 months (assuming a business combination is not consummated prior thereto), we will be using the funds held outside of the Trust Account for identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and