Company: FVN
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001829126-25-001482
Chunk: 95

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 95
---
 earned on marketable securities held in Trust Account

    (818,197
    )
  
    Changes in operating assets and liabilities:

    Prepaid expenses

    (4,980
    )
  
    Due to related parties

    36,333

    Net Cash Used in Operating Activities

    (146,501
    )

    Cash Flows from Investing Activities:

    Purchase of marketable securities held in Trust Account

    (57,787,500
    )
  
    Net Cash Used in Investing Activities

    (57,787,500
    )

    Cash Flows from Financing Activities:

    Proceeds from issuance of ordinary shares to Sponsor

    25,000

    Proceeds from issuance of promissory note to related party

    375,000

    Repayment of promissory note to related party

    (375,000
    )
  
    Proceeds from sale of public units through public offerings, net of underwriters’ discount

    56,637,500

    Proceeds from ordinary shares issued in private placement

    2,990,000

    Payment of offering costs

    (385,994
    )
  
    Net Cash Provided by Financing Activities

    59,266,506

    Net Change in Cash

    1,332,505

    Cash, Beginning of Period

    -

    Cash, End of Period
     
    $
    1,332,505

    Supplemental Disclosure of Non-cash Investing and Financing Activities:

    Offering costs included in accounts payable and accrued expenses

    75,000

    Representative shares issued and charged to offering costs

    522,019

    Accretion of ordinary shares subject to redemption value

    1,332,947

The accompanying notes are an integral part of these financial statements.

F-6

FUTURE VISION II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

December 31, 2024

Note 1 — Organization and Business Operation

Future Vision II Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated as a Cayman Islands exempted company on January 30, 2024. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has not selected any Business Combination target and it has not, nor