Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 17

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 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 decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Earnings (Loss) Per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share”. The unaudited condensed statements of operations and comprehensive
income (loss) include a presentation of earnings (