Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 73

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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incurred a net loss of $2,637, which related to formation and operating expenses of $2,637.

Liquidity and Capital Resources

For the six months ended June 30, 2025, cash
used in operating activities was $201,242 and cash used in financing activities was $16,000. As of June 30, 2025, we had cash of
$1,115,263 available for working capital needs and marketable securities held in Trust Account of 59,832,494. All marketable securities
are held in the Trust Account and is generally unavailable for our use, prior to an initial Business Combination, and is restricted for
use either in a Business Combination or to redeem the ordinary shares. As of June 30, 2025, none of the amount on marketable securities
in the Trust Account was available to be withdrawn as described above.

We intend to use substantially all of the net proceeds
of the IPO, including the marketable securities held in the Trust Account, to acquire a target business or businesses and to pay our expenses
relating thereto, including deferred underwriting commissions of $575,000 payable to Kingswood Capital Partners, LLC in cash, the representative
of the underwriters of the IPO. To the extent that our share capital is used in whole or in part as consideration to effect our initial
Business Combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended will be used as
working capital to finance the operations of the target business. Such working capital funds could be used in a variety of ways including
continuing or expanding the target business’ operations, for strategic acquisitions and for marketing, research and development
of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which we had incurred
prior to the completion of our initial Business Combination if the funds available to us outside of the Trust Account were insufficient
to cover such expenses.

Over the next 12 months (assuming a Business Combination
is not consummated prior thereto), we will be using the funds held outside of the Trust Account for identifying and evaluating prospective
acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants
or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses,
selecting the target business to acquire and structuring, negotiating and consummating the Business Combination.

22

If