Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 255

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 255
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 31,
2024, we do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities.

We are obligated to pay
the underwriters a deferred underwriting commission equal to 1.0% of the gross proceeds of the IPO, or $575,000, will be paid to the
underwriters in cash from the funds held in the Trust Account, and 28,750 representative shares will be issued at the consummation of
a Business Combination.

The founder shares, the
Ordinary Shares included in the Private Units, and any Ordinary Shares that may be issued upon conversion of working capital loans (and
any underlying securities) will be entitled to registration rights pursuant to a registration rights agreement entered into in connection
with the IPO. The holders of these securities are entitled to make up to two demands, excluding short form demands, that we register
such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements
filed subsequent to our completion of our initial business combination. We will bear the expenses incurred in connection with the filing
of any such registration statements.

Critical Accounting Policies and Estimates

In preparing these financial
statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported expenses during the reporting
period.

Making estimates requires
management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation
or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, actual results may differ from these estimates.
We have identified the following critical accounting policies and estimates:

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Fair Value of Financial Instruments

ASC Topic 820 “Fair
Value Measurements and Disclosures” defines fair value, the methods used to measure fair value and the expanded disclosures about
fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between the buyer and the seller at the measurement date. In determining fair value, the valuation techniques consistent
with the market approach, income approach and cost approach shall be used to measure fair value. ASC Topic 820 establishes a fair value
hierarchy for inputs, which represent the assumptions used by