Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 250

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 250
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, our Sponsor purchased 1,437,500 founder shares for an aggregate purchase price of $25,000, or approximately $0.017 per share, which is significantly below the price at which our public shareholders purchased our public units. As a result, with respect to these founder shares, our Sponsor can earn a positive rate of return on its investment even if other Future Vision shareholders experience a negative rate of return, although the founder shares are identical to the ordinary shares underlying the public units purchased by our public shareholders (with the exception of redemption rights). As such, the founder shares should be characterized as compensation to the Sponsor. |

| B. | Private Placement Units: Simultaneously with the closing of the IPO, Sponsor purchased 299,000 private units of Future Vision at a price of $10.00 per placement unit. This is typically noted as an extension of the risk capital by the Sponsor, because while the private units are virtually identical with what our public shareholders purchased at the Future Vision IPO, the private units are not eligible for Future Vision redemption in the event we do not complete a business combination. As such, this incentivizes the Sponsor to close a business combination with even a less desirable target. |

Promissory Notes:

| A. | Working Capital Loans: Future Vision’s Sponsor has extended working capital loans in the aggregate principal amount of $[●]to Future Vision. Such working capital loans evidenced by a promissory note and will either be paid upon consummation of the Business Combination, without interest, or, at holder’s discretion, converted into additional private units at a price of $10.00 per unit. These private units would be identical to the Private Units held by the Sponsor. |

| B. | On February 22, 2024, Future Vision issued an unsecured promissory note to the Sponsor, pursuant to which Future Vision was eligible to borrow up to an aggregate principal amount of $500,000, without interests, to be used for a portion of the expenses of the IPO (Sep 13, 2024). As of the date of the IPO, Future Vision borrowed $375,000 which was paid back. |

Restrictions on the sale by Sponsor of Future Vision and New VIWO securities

The Sponsor has agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of: (A) twelve (12) months after the completion of our initial business combination and (B) subsequent to our initial business combination, if the reported last sale