Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 555

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 555
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 Combination.

<div align='center'>F-33</div>

<div align='center'>FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

March 31, 2025</div>

All of the 5,750,000 public shares sold
as part of the Public Units in the IPO contain a redemption feature which allows for the redemption of such public shares 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 memorandum and articles of association, or in connection with the Company’s liquidation. In accordance with
the SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions
not solely within the control of the Company require common stock subject to redemption to be classified outside of permanent equity.

The Company’s redeemable ordinary share
is subject to SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99. If it is
probable that the equity instrument will become redeemable, the Company has the option to either accrete changes in the redemption value
over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later)
to the earliest redemption date of the instrument or to recognize changes in the redemption value immediately as they occur and adjust
the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to accrete
changes in the redemption value over the period from the date of issuance which is the IPO date. The accretion or remeasurement is treated
as a deemed dividend and charges against retained earnings or, in the absence of retained earnings, by charges against additional paid-in
capital.

Note 4 — Private Placement

Simultaneously with the closing of the IPO, the
Sponsor purchased an aggregate of 299,000 Placement Units at a price of $10.00 per Placement Unit raising $2,990,000 in the aggregate.

The proceeds from the sale of the Placement Units
were added to the net proceeds from the IPO held in the Trust Account. The Private Placement Units are identical to the Public Units
sold in this IPO, subject to limited exceptions. The holder of the Private Placement Units will be entitled to registration rights. In