Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 148

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 148
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 Future Vision will evaluate the materiality of any waiver to determine whether amendment of this proxy statement and re-solicitation of proxies is warranted. In some instances, if the Board of Directors of Future Vision determines that a waiver is not sufficiently material to warrant re-solicitation of Shareholders, Future Vision has the discretion to complete the Business Combination without seeking further Shareholder approval. For example, it is a condition to Future Vision’s obligations to close the Business Combination that there be no restraining order, injunction or other order restricting VIWO’s conduct of its business, however, if the Board of Directors of Future Vision determines that any such order or injunction is not material to the business of VIWO, then the Board of Directors may elect to waive that condition and close the Business Combination.

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Future Vision’s Shareholders will experience immediate dilution as a consequence of the issuance of Future Vision Shares as consideration in the Business Combination. Having a minority share position may reduce the influence that Future Vision’s current Shareholders have on the management of Future Vision.

Assuming (i) there are no redemptions of the public shares, (ii) the issuance of 9,950,250 Future Vision ordinary shares to the VIWO shareholders pursuant to the Merger Agreement, (iii) the issuance of Future Vision Shares upon the conversion of the Future Vision public and private rights and (iv) 28,750 Ordinary Shares issuable as deferred underwriting commission of the IPO, Future Vision will have an aggregate of approximately 18,127,899 ordinary shares issued and outstanding. Of such amount, it is anticipated that upon completion of the Business Combination, the ownership of the outstanding Future Vision ordinary share of the New VIWO will be as follows:

| ● | Future Vision public shareholders will own 5,750,000, approximately 31.72%, of the outstanding Future Vision ordinary shares;                               |
| ● | Sponsor will own, including the conversion of all private rights, will own 1,766,400, approximately 9.74% of the outstanding Future Vision ordinary shares; |
| ● | Holders of Future Vision public rights will own 575,000, approximately 3.17% of the outstanding Future Vision ordinary shares;                              |
| ● | the former VIWO shareholders will own 9,950,250, approximately 54.89% of the outstanding Future Vision ordinary shares;                                     |

Assuming (i) redemption by holders of all of Future Vision’s Ordinary Share and; (ii