Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 35

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

As of June 30, 2025, 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, which will be paid to the underwriters in cash from
the funds held in the Trust Account, and 28,750 representative shares, which 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 three 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.

23

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities, contingent assets and liabilities, each as of the date of
the financial statements, and revenue and expenses during the periods presented. On an ongoing basis, management evaluates their estimates
and assumptions, and the effects of any such revisions are reflected in the financial statements in the period in which they are determined
to be necessary. Management bases their estimates on historical experience and on various other factors that they believe are reasonable
under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that
are not readily apparent from other sources. Actual outcomes could differ materially from those estimates in a manner that could have
a material effect on our consolidated financial statements.

Some of these estimates and assumptions are inherently
subjective and involve significant judgment, making them critical to our reported financial position and results of operations.

A critical accounting estimate is one that:

    ●
    Involves complex or subjective judgments or estimates about matters
        that are inherently uncertain; and