Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 361

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 361
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 circumstances, for example, to dissenters holding shares of any class for which an open
market exists on a recognized stock exchange or recognized interdealer quotation system at the expiry date of the period allowed for
written notice of an election to dissent under the Companies Act or where the consideration for such shares to be contributed are
shares of any company listed on a national securities exchange or shares of the surviving or consolidated company.

Moreover, Cayman
Islands law has separate statutory provisions that facilitate the reconstruction or amalgamation of companies in certain
circumstances, schemes of arrangement will generally be more suited for complex mergers or other transactions involving widely held
companies, commonly referred to in the Cayman Islands as a “scheme of arrangement” which may be tantamount to a merger.
In the event that a merger was sought pursuant to a scheme of arrangement (the procedures for which are more rigorous and take
longer to complete than the procedures typically required to consummate a merger in the United States), the arrangement in question
must be approved by (i) seventy-five percent (75%) in value of the shareholders or class of shareholders, as the case may be, or
(ii) a majority in number representing seventy-five percent (75%) in value of creditors or class of creditors, as the case may be,
that are present and voting either in person or by proxy at a meeting, or meetings convened for that purpose. The convening of the
meetings and subsequently the arrangement must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting
shareholder would have the right to express to the court the view that the transaction should not be approved, the court can be
expected to approve the arrangement if it satisfies itself that:

| ● | the statutory provisions as to majority vote have been complied with;                                                                                                                                         |
| ● | the shareholders have been fairly represented at the meeting in question and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of the class; |
| ● | the arrangement is such as a businessman would reasonably approve by an intelligent and honest man of that class acting in respect of his interest; and                                                       |
| ● | the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act.                                                                                            |

If a scheme of arrangement or takeover offer (as described below) is approved, any dissenting shareholder would have no rights comparable to appraisal rights (providing rights to receive payment in cash for the judicially determined value of