Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 81

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 81
---
000, or approximately $0.017 per share, for the purchase of 1,437,500 founder shares, par value $0.0001. Our Sponsor is an accredited
investor for purposes of Rule 501(a) of Regulation D of the Securities Act of 1933, as amended. Each of the equity holders in our
Sponsor are accredited investors under Rule 501(a) of Regulation D. The sole business of our Sponsor is to act as the Company’s
sponsor in connection with this offering.

On September 13, 2024, we consummated our IPO
of 5,000,000 Units, at $10.00 per Unit, generating gross proceeds of $50,000,000. We granted the underwriter a 45-day option to purchase
up to an additional 750,000 Units at the IPO price to cover over-allotments. As of September 13, 2024, the over-allotment option
was exercised, generating gross proceeds of $7,500,000 and deposited into the Trust Account. Meanwhile, 57,500 ordinary shares were issued
to the underwriter at the closing of the IPO as representative shares, and 28,750 representative shares will be issued as the deferred
underwriting commission at the consummation of a Business Combination. The securities sold in the IPO were sold pursuant to a registration
statement on Form S-1 (File No.: 333-272605). The registration statement became effective on September 11, 2023.

Simultaneously with the consummation of the closing
of the IPO, we consummated a private placement of an aggregate of 299,000 units to the Sponsor at a price of $10.00 per Unit, generating
gross proceeds of $2,990,000. The Private Units are identical to the Units sold in the IPO except that the holder has agreed not to transfer,
assign, or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statement)
until the completion of the Company’s initial Business Combination. The sponsor was granted certain demand and piggy-back registration
rights in connection with the purchase of the Private Units. The issuance was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

On September 13, 2024, a total of $57,787,500
of the net proceeds from the IPO and the Private Placement were deposited