Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 156

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 156
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 net tangible assets being less than $5,000,001 unless it is able to obtain sufficient equity financing.

Future Vision’s current Amended and Restated Memorandum and Articles of Association do not provide a specified maximum redemption threshold, except that in no event will Future Vision redeem its public shares in an amount (after payment of deferred underwriting commissions) that would cause its net tangible assets to be less than $5,000,001 (such that Future Vision is not subject to the SEC’s “penny stock” rules). It is also a condition to closing under the Merger Agreement that, among other things, following payment to all shareholders who have exercised their redemption rights (and after giving effect to the payment of expenses related to the Business Combination that are to be paid at or after closing, provided that Future Vision can pay such expenses in equity securities and not cash), Future Vision has cash of at least 5 million. If redemptions by Future Vision’s public shareholders cause Future Vision to be unable to meet this closing condition, then VIWO will not be required to consummate the Business Combination, although it may, in its sole discretion, waive this condition. In the event that VIWO waives this condition, Future Vision does not intend to seek additional shareholder approval or to extend the time period in which its public shareholders can exercise their redemption rights. In no event, however, will Future Vision close the Business Combination if redemptions of public shares would cause Future Vision’s Net Tangible Assets to be less than $5,000,001. Future Vision estimates that if more than holders of approximately 98.4% shares of Future Vision public ordinary shares elect to redeem, it will not be able to close the Business Combination unless it is able to obtain a sufficient amount of equity financing to meet the net tangible asset test. To mitigate the impact of potential high redemption rates and ensure the continuity of the business combination, VIWO has engaged with prospective investors who have committed to purchase between $5 million and $10 million of issued shares upon completion of the business combination, however, there can be no assurance that it will be able to do so.

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Risks Related to the Financial Projections

You should be aware that uncertainties are inherent in prospective financial projections of any kind, and such uncertainties increase with the passage of time. None of Future Vision or VIWO or any of their respective affiliates, advisors, officers, directors, or representatives has made or makes any representation or can give any assurance to any