Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 95

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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 IPO were sold pursuant to a registration
statement on Form S-1 (File No.: 333-272605). The registration statement became effective on September 11, 2023.

Simultaneously with the consummation of the closing
of the IPO, we consummated a private placement of an aggregate of 299,000 units to the Sponsor at a price of $10.00 per Unit, generating
gross proceeds of $2,990,000. The Private Units are identical to the Units sold in the IPO except that the holder has agreed not to transfer,
assign, or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statement)
until the completion of the Company’s initial Business Combination. The sponsor was granted certain demand and piggy-back registration
rights in connection with the purchase of the Private Units. The issuance was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

On September 13, 2024, a total of $57,787,500
of the net proceeds from the IPO and the Private Placement were deposited in a trust account established for the benefit of the public
shareholders. For the six and three months ended June 30, 2025, income earned on marketable securities held in Trust Account were
$1,226,797 and $614,436. As of June 30, 2025, the fair value of marketable securities held in Trust Account of $59,832,494.

Transaction costs of the Initial Public Offering with
the exercise of the over-allotment amounted to $1,845,513, consisting of $862,500 of underwriting commissions, which were paid in cash
and $522,019 of underwriting commissions, which were paid in representative shares (57,500 ordinary shares), at the closing date of the
IPO, respectively, and $460,994 of other offering costs.

Meanwhile, pursuant the underwriting agreement, 1.0%
of the gross proceeds of the IPO, or $575,000, will be paid in cash, and 28,750 representative shares will be issued, both of which as
the deferred underwriting commission at the consummation of a Business Combination.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

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Item 6. Exhibits.

    Exhibit Number