Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 188

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 188
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 Business Combination (assuming no redemptions of the IPO related Future Vision ordinary shares and conversion of all public and private rights and issuance of the ordinary shares to pay the deferred underwriting commission). The aggregate number of Future Vision ordinary shares to be issued, shall be determined by the equity valuation of $100 million, and dividing equity valuation by $10.05, which represents the equity valuation of one Future Vision ordinary share.

Prior to the effective time of the Business Combination, all outstanding convertible securities of VIWO, if any, shall be exercised or cancelled by the holders thereof, and the VIWO ordinary share then issued and outstanding shall be exchanged for Future Vision ordinary shares at the closing of the Business Combination.

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Potential Dilution to Non-Redeeming Future Vision Public Shareholders

The unadjusted net tangible book value of Future Vision as of its most recent balance sheet date, September 30, 2024, is $59,328,684, equating to Future Vision’s total assets of $59,409,351 minus its total liabilities of $80,667. As of such date, Future Vision had a total of 7,544,000 shares issued and outstanding, consisting of 1,736,500 shares held by its initial shareholders and 5,750,000 shares held by public shareholders and subject to redemption. Therefore, Future Vision’s unadjusted net tangible book value per share as of its most recent balance sheet date is approximately $7.86 per share.

The following table sets forth, with respect to each material transaction reasonably likely to occur in connection with the Business Combination while excluding the Business Combination itself, across potential redemption levels.

|                                                                                                                                          |     | No Redemption 
 Scenario      |            |   |     | 25% Redemption 
 Scenario       |             |   |     | 50% Redemption 
 Scenario       |             |   |     | 75% Redemption 
 Scenario       |             |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|-----------:|:--|:----|:---------------|------------:|:--|:----|:---------------|------------:|:--|:----|:---------------|------------:|:--|
| Net tangible book value of Future Vision as of December 31, 2024 (include temporary equity associated with the redeemable public shares) |     | $             | 59,831,849 |   |     | $              |  59,831,849 |