Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 186

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 186
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-owned subsidiary of Future Vision. Thereafter, Future Vision will make all requisite filings with the Registrar of Companies in the Cayman Islands to change its name to VIWO Inc. pursuant to the Companies Act (As Revised) of the Cayman Islands subject to the passing of the Name Change Proposal.

Upon the Closing, in consideration for all of the outstanding issued share capital of VIWO, the VIWO shareholders VIWO will receive on a pro rata basis Future Vision ordinary shares equal to an aggregate of approximately 54.89% (or 9,950,250 shares of Future Vision Ordinary Share) of the total issued and outstanding shares of Future Vision upon completion of the Business Combination (assuming no redemptions of the IPO related Future Vision ordinary shares and conversion of all public and private rights and issuance of the ordinary shares to pay the deferred underwriting commission). The aggregate number of Future Vision ordinary shares to be issued, shall be determined by the equity valuation of $100 million, and dividing equity valuation by $10.05, which represents the equity valuation of one Future Vision ordinary share.

Prior to the effective time of the Business Combination, all outstanding convertible securities of VIWO, if any, shall be exercised or cancelled by the holders thereof, and the VIWO ordinary share then issued and outstanding shall be exchanged for Future Vision ordinary shares at the closing of the Business Combination.

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Potential Dilution to Non-Redeeming Future Vision Public Shareholders

The unadjusted net tangible book value of Future Vision as of its most recent balance sheet date, September 30, 2024, is $59,328,684, equating to Future Vision’s total assets of $59,409,351 minus its total liabilities of $80,667. As of such date, Future Vision had a total of 7,544,000 shares issued and outstanding, consisting of 1,736,500 shares held by its initial shareholders and 5,750,000 shares held by public shareholders and subject to redemption. Therefore, Future Vision’s unadjusted net tangible book value per share as of its most recent balance sheet date is approximately $7.86 per share.

The following table sets forth, with respect to each material transaction reasonably likely to occur in connection with the Business Combination while excluding the Business Combination itself, across potential redemption levels.

|                                                                                        |     | No Redemption Scenario |            |   |     | 25% Redemption Scenario |             |   |     | 50% Redemption Scenario |             |