Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 549

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 549
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 equity. At all other times, ordinary shares were classified as stockholders’ equity. In accordance
with ASC 480-10-S99, the Company classified the ordinary shares subject to redemption outside of permanent equity as the redemption provisions
are not solely within the control of the Company.

Given that the 5,750,000 ordinary shares sold
as part of the units in the IPO were issued with other freestanding instruments (i.e., rights), the initial carrying value of ordinary
shares classified as temporary equity has been allocated to the proceeds determined in accordance with ASC 470-20. If it is probable
that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over
the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later)
to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust
the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize
the changes in redemption value as a deemed dividend and charges against retained earnings or, in the absence of retained earnings, by
charges against additional paid-in capital, over an expected 18-month period, which is the initial period that the Company has to complete
a Business Combination.

For the three months ended March 31, 2025, the
Company recorded accretion of ordinary share subject to redemption value of $1,100,598.

As of March 31, 2025, the ordinary shares subject
to possible redemption reflected in the condensed balance sheet are recorded in the following table:

| Ordinary shares                                                        
 subject to possible redemption as of January 1, 2025                   |     | $ | 52,137,642 |
| Plus:                                                                  |     |   |            |
| Accretion                                                              
 of carrying value to redemption value                                  |     |   |  1,100,598 |
| Ordinary                                                               
 shares subject to possible redemption as of March 31, 2025 (Unaudited) |     | $ | 53,238,240 |

<div align='center'>F-30</div>

<div align='center'>FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

March 31, 2025</div>

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