Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 546

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 546
---
,332,505 in
cash as of March 31, 2025 and December 31, 2024, respectively.

Marketable Securities Held in Trust Account

As of March 31, 2025 and December 31,
2024, all of the assets held in the Trust Account were held in U.S. Treasury Securities Money Market Funds. All of the Company’s
investments held in the Trust Account are classified as marketable securities. Marketable securities are presented on the condensed balance
sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held
in Trust Account are included in income earned on marketable securities held in Trust Account in the accompanying condensed statement
of operations. The estimated fair values of marketable securities held in Trust Account are determined using available market information.
As of March 31, 2025 and December 31, 2024, the estimated fair value of marketable securities held in Trust Account was $59,218,058
and $58,605,697, respectively.

Offering Costs Associated with the Initial Public Offering

Offering costs consisted of legal, accounting,
underwriting fees and other costs incurred through the IPO that were directly related to the IPO. Offering cost amounted to $1,845,513,
consisting of $862,500 and $522,019 of underwriting commissions which were paid in cash and representative shares (57,500 ordinary shares)
at the closing date of the IPO, respectively and $460,994 of other offering costs. The Company complies with the requirements of the
ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. The Company allocates
offering costs among public shares, public rights based on the relative fair values of public shares and public rights. Accordingly,
$1,684,693 was allocated to public shares and charged to ordinary shares subject to possible redemption, and $160,820 was allocated to
public rights and charged to shareholders’ equity.

<div align='center'>F-28</div>

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

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

March 31, 2025</div>

Fair Value of Financial Instruments

ASC Topic 820 “Fair Value Measurements and
Disclosures” defines fair value, the methods used to measure fair value and the