Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 90

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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 and unobservable inputs.
Observable inputs are those that buyer and seller would use in pricing the asset or liability based on market data obtained from sources
independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs that the buyer and seller would
use in pricing the asset or liability developed based on the best information available in the circumstances.

The fair value hierarchy is categorized into three
levels based on the inputs as follows:

    ●
    Level 1 - Valuations based on unadjusted quoted prices in active markets for identical
        assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not being applied. Since
        valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does
        not entail a significant degree of judgment. 

    ●
    Level 2 - Valuations based on (i) quoted prices in active markets for similar assets
        and liabilities, (ii) quoted prices in markets that are not active for identical or similar assets, (iii) inputs other than quoted prices
        for the assets or liabilities, or (iv) inputs that are derived principally from or corroborated by market through correlation or other
        means. 

    ●
    Level 3 - Valuations based on inputs that are unobservable and significant to the overall
        fair value measurement. 

24

The fair value of the Company’s assets and liabilities,
which qualify as financial instruments under ASC Topic 820 approximates the carrying amounts represented in the accompanying balance sheet,
primarily due to their short-term nature. The carrying amounts reported in the balance sheet for cash and cash equivalents, marketable
securities held in trust account, accounts payable and accrued expenses and due to related parties, each qualify as financial instruments
and are a reasonable estimate of their fair values because of the short period between the origination of such instruments and their expected
realization and their current market rate of interest.

Ordinary Shares Subject to Possible Redemption

All of the 5,750,000 Ordinary Shares sold as part
of the Units in the IPO contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s
liquidation, if there is a shareholder vote or tender offer in connection with the Business Combination and in connection with certain
amendments to the Company’s amended and restated certificate of incorporation.

The Company accounted for its ordinary shares subject
to possible redemption in accordance with the guidance in ASC