Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 521

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 521
---
 redemption value as a charge against retained earnings or, in the absence of retained earnings, as a charge 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 period from January 30, 2024 (inception) through December 31, 2024, the Company recorded accretion of ordinary share subject to redemption value of $1,332,947.

<div align='center'>F-13</div>

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

NOTES TO FINANCIAL STATEMENTS

December 31, 2024</div>

Ordinary shares subject to possible redemption reflected in the balance sheet are recorded in the following table:

| Gross proceeds                                                         |     | $ | 57,500,000 |   |
| Less:                                                                  |     |   |            |   |
| Proceeds allocated to public rights                                    |     |   | (5,010,612 | ) |
| Offering costs allocated to redeemable shares                          |     |   | (1,684,693 | ) |
| Plus:                                                                  |     |   |            |   |
| Accretion of carrying value to redemption value                        |     |   |  1,332,947 |   |
| Ordinary shares subject to possible redemption as of December 31, 2024 |     | $ | 52,137,642 |   |

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Net Income (Loss) Per Ordinary Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. The statements of operations include a presentation of income (loss) per redeemable share and income (loss) per non-redeemable share following the two-class method of income per share. In order to determine the net income (loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the undistributed income (loss) allocable to both the redeemable shares and non-redeemable shares and the undistributed income (loss) is calculated using the total net income (loss