Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 188

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 188
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’s liquidation. Future Vision executed an Investment Management Trust Agreement dated as of September 11, 2024 with Wilmington Trust N.A. to hold the IPO proceeds in trust, and it must liquidate unless a business combination is consummated by the date that is 18 months from the closing of the Initial Public Offering, or March 13, 2026, unless such time period is extended.

Under its Amended and Restated Memorandum and Articles of Association, Future Vision had until March 13, 2026 to consummate a business combination. However, if Future Vision anticipates that it may not be able to consummate a business combination by March 13, 2026, it may extend the period of time to consummate a Business Combination up to six times, each by an additional one month (for a total of 24 months to complete a Business Combination) (the “Combination Period”). In order to extend the time available for Future Vision to consummate a Business Combination, the Sponsor or its affiliate or designees must deposit into the Trust Account an amount of $191,475 ($0.0333 per Future Vision public share), for each one-month extension.

After closing Future Vision’s IPO on September 13, 2024, the officers and directors of Future Vision began formulating a plan to contact potential candidates for a business combination. In addition, we were contacted by a number of individuals and entities with respect to business combination opportunities.

Future Vision’s evaluated each candidate in the context of the screening criteria established by its management, which included:

| ● | those which have exhibited strong growth in revenue or profit in recent fiscal periods or have healthy cash flow from operations;                                                                                                                            |
| ● | those which may offer an attractive return for our shareholders, potential upside from growth in the target business and with an improved capital structure will be provide a favorable upside reward metric measured against any identified downside risks; |
| ● | candidates which meet some key characteristics such as being or having the capability of being a disruptive participant within an industry, especially Business intelligence digital technology industries;                                                  |
| ● | candidates which are capable of obtaining both organic and acquisitive growth;                                                                                                                                                                               |
| ● | those candidates which are or can be positioned to enhance shareholder value and revenue growth as a result of increased presence across geographic borders; and                                                                                             |
| ● | candidates which possess exploitable intellectual property                                                                                                                                                                                                   |

Our business strategy was to identify and complete our business combination with one or more entities that meets one or more criteria