Company: FVN
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001829126-25-003643
Chunk: 54

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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retion of redeemable ordinary shares to redemption value

    (1,100,598
    )

    -

    Net loss including accretion of redeemable ordinary shares to redemption value

    (646,298
    )

    (2,091
    )

    12

FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

March 31, 2025 

Earnings (loss) per share presented in the unaudited condensed statement of operations and comprehensive income (loss) is based on the following:

    Schedule of Basic and Diluted Net Loss Per Share

        For the
        Three Months Ended

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

    March 31,  2025

    March 31, 2024

    Redeemable Ordinary Share

    Non-Redeemable  Ordinary Share

    Redeemable Ordinary Share

    Non-Redeemable  Ordinary Share

    (Unaudited)

    (Unaudited)

    Numerators:

    Allocation of net loss
     
    $
    (492,605
    )
     
    $
    (153,693
    )
     
    $
    -

    $
    (2,091
    )
  
    Accretion of redeemable ordinary shares to redemption value

    1,100,598

    -

    -

    -

    Allocation of net income (loss)
     
    $
    607,993

    $
    (153,693
    )
     
    $
    -

    $
    (2,091
    )
  
    Denominators:

    Weighted-average ordinary shares outstanding

    5,750,000

    1,794,000

    -

    1,250,000

    Basic and diluted earnings (loss) per share
     
    $
    0.11

    $
    (0.09
    )
     
    $
    -

    $
    (0.00
    )

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards