Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 514

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 514
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57,500 ordinary shares)
at the closing date of the IPO, respectively and $460,994 of other offering costs. The Company complies with the requirements of the
ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. The Company allocates
offering costs among public shares, public rights based on the relative fair values of public shares and public rights. Accordingly,
$1,684,693 was allocated to public shares and charged to temporary equity, and $160,820 was allocated to public rights and charged to
shareholders’ equity.

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 the buyer and seller in pricing the asset or liability. These inputs are further defined as observable
and unobservable inputs. Observable inputs are those that buyer and seller would use in pricing the asset or liability based on market
data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs that
the buyer and seller would use in pricing the asset or liability developed based on the best information available in the circumstances.

The fair value hierarchy is categorized into three
levels based on the inputs as follows:

| ● | Level 1 - Valuations based on unadjusted quoted prices in active markets                                                                    
 for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not           
 being applied. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation          
 of these securities does not entail a significant degree of judgment.                                                                       |
| ● | Level 2 - Valuations based on (i) quoted prices in active markets for similar                                                               
 assets and liabilities, (ii) quoted prices in markets that are not active for identical or similar assets, (iii) inputs other than          
 quoted prices for the assets or liabilities, or (iv) inputs that are derived principally from or corroborated by market through correlation