Company: FVN
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001829126-25-003643
Chunk: 3

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 31, 2025

        For the Period From January 30, 2024 (Inception) Through  March 31,  2024

    (Unaudited)

    (Unaudited)

    Cash Flows from Operating Activities:

    Net income (loss)
     
    $
    454,300

    $
    (2,091
    )
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities:

    Income earned on marketable securities held in Trust Account

    (612,361
    )

    -

    Changes in operating assets and liabilities:

    Prepaid expenses

    (61,999
    )

    -

    Due to related parties

    30,000

    -

    Net Cash Used in Operating Activities

    (190,060
    )

    (2,091
    )

    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

    Payment of offering costs

    -

    (170,117
    )
  
    Net Cash Provided by Financing Activities

    -

    229,883

    Net Change in Cash

    (190,060
    )

    227,792

    Cash, Beginning of Period

    1,332,505

    -

    Cash, End of Period
     
    $
    1,142,445

    227,792

    Supplemental Disclosure of Non-cash Investing and Financing Activities:

    Accretion of ordinary shares subject to redemption value

    1,100,598

    -

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

4

FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

March 31, 2025

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”).

As of March 31, 2025, the Company