Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 86

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 86
---
 incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance),
as well as for due diligence expenses in connection with completing a Business Combination.

For the six months ended June 30, 2025, we had
a net income of $1,006,200, which consisted of income earned on marketable securities held in trust account of $1,226,797, interest income
earned on bank accounts of $17,140 and operating expenses of $237,737.

For the period from January 30, 2024 (inception)
through June 30, 2024, we incurred a net loss of $4,728, which related to formation and operating expenses of $4,728.

For the three months ended June 30, 2025, we
had a net income of $551,900, which consisted of income earned on marketable securities held in trust account of $614,436, interest income
earned on bank accounts of $8,301 and operating expenses of $70,837.

For the three months ended June 30, 2024, we
incurred a net loss of $2,637, which related to formation and operating expenses of $2,637.

Liquidity and Capital Resources

For the six months ended June 30, 2025, cash
used in operating activities was $201,242 and cash used in financing activities was $16,000. As of June 30, 2025, we had cash of
$1,115,263 available for working capital needs and marketable securities held in Trust Account of 59,832,494. All marketable securities
are held in the Trust Account and is generally unavailable for our use, prior to an initial Business Combination, and is restricted for
use either in a Business Combination or to redeem the ordinary shares. As of June 30, 2025, none of the amount on marketable securities
in the Trust Account was available to be withdrawn as described above.

We intend to use substantially all of the net proceeds
of the IPO, including the marketable securities held in the Trust Account, to acquire a target business or businesses and to pay our expenses
relating thereto, including deferred underwriting commissions of $575,000 payable to Kingswood Capital Partners, LLC in cash, the representative
of the underwriters of the IPO. To the extent that our share capital is used in whole or in part as consideration