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

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 Merger Subsidiary Corp., a Cayman Islands
exempted company and wholly-owned subsidiary of the Company incorporated for the purpose of consummating a Business Combination (the “Merger
Sub”), have agreed to a Business Combination under the terms of a Merger Agreement, pursuant to which the Merger Sub will merge
with and into VIWO, with VIWO surviving the merger. As a result, VIWO will be a wholly-owned subsidiary of Future Vision. The former securityholders
of VIWO will receive 9,950,250 VIWO ordinary shares valued at $100 million equal to approximately 54.89% of the ordinary shares issued and outstanding of VIWO as consideration upon the consummation of the Business Combination (“Consideration Shares”).The Merger Agreement contains customary representations, warranties and covenants of the parties thereto. The consummation of the proposed Merger is subject to certain conditions as further described in the Merger Agreement.

The Company filed a Form 8-K with the SEC on November 29, 2024 to announce the Merger Agreement.

On December 10, 2024, the parties entered into Amendment
No. 1 to the Merger Agreement requiring the Company to cause VIWO shareholders to enter into a lock up agreement with respect to the
Consideration Shares to be received by the VIWO shareholders after the consummation of the Business Combination. 

The Company filed a Form 8-K with the SEC on December 11, 2024 to
announce Amendment No. 1 to the Merger Agreement.

    7

FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED
            CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

Going Concern Consideration

As of June 30, 2025, the Company had $1,115,263 of
cash in its operating bank account, and working capital of $1,005,555.

The Company has incurred and expects to continue to incur significant costs in pursuit
         of its financing and acquisition plans. The Company currently has no commitments to receive
         such financing and there is no assurance that the Company’s plans to raise capital will be successful. In addition, the Company initially has until March 13,2026 to consummate the initial Business Combination (assume no extensions). If the Company
         does not complete a Business Combination within the Combination Period, the Company will trigger an