Company: FVN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001829126-25-008627
Chunk: 18

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2025

For the three months ended September 30, 2025 and 2024, the Company recorded accretion of ordinary share subject to redemption value of $1,792,584 and $164,962, respectively. For the nine months ended September 30, 2025 and for the period from January 30, 2024 (inception) through September 30, 2024, the Company recorded accretion of ordinary share subject to redemption value of $6,201,905 and $164,962, respectively.

As of September 30, 2025, the ordinary shares subject to possible redemption reflected in the condensed balance sheet are recorded in the following table:

    Schedule of Ordinary shares subject to possible redemption

    Gross proceeds
     
    $
    57,500,000

    Less:

    Proceeds allocated to public rights

    (5,010,612
    )
  
    Offering costs allocated to redeemable shares

    (1,684,693
    )
  
    Plus:

    Accretion of carrying value to redemption value

    1,332,947

    Ordinary shares subject to possible redemption as of December 31, 2024
     
    $
    52,137,642

    Plus:

    Accretion of carrying value to redemption value

    6,201,905

    Ordinary shares subject to possible redemption as of September 30, 2025 (Unaudited)
     
    $
    58,339,547

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Earnings (Loss) Per Ordinary Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. The unaudited condensed statements of operations and comprehensive income (loss) include a presentation of earnings (loss) per redeemable share and earnings (loss) per non-redeemable share following the two-class method of income per share. In order to determine the net income (loss) attributable to both the redeemable shares and non-rede