Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 34

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Moreover, we may need to obtain additional financing
either to consummate our initial Business Combination or because we become obligated to redeem a significant number of our public shares
upon consummation of our initial Business Combination, in which case we may issue additional securities or incur debt in connection with
such Business Combination. Subject to compliance with applicable securities laws, we would only consummate such financing simultaneously
with the consummation of our initial Business Combination. Following our initial Business Combination, if cash on hand is insufficient,
we may need to obtain additional financing in order to meet our obligations.

As of June 30, 2025, we had cash of $1,115,263
and a working capital of $1,005,555. We have incurred and expect to continue to incur significant professional costs to remain as a publicly
traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination. In connection with
our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update
(“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,”
management has determined that these conditions raise substantial doubt about our ability to continue as a going concern. Our management’s
plan in addressing this uncertainty is funds loaned from our Sponsor, officers, directors or their affiliates. In addition, if we are
unable to complete a Business Combination by March 31, 2026 (or up to September 30, 2026 if extended) (“Combination Period”),
our board of directors would proceed to commence a voluntary liquidation and thereby a formal dissolution of us. There is no assurance
that our plans to consummate a Business Combination will be successful within the Combination Period. As a result, management has determined
that such additional conditions also raise substantial doubt about our ability to continue as a going concern. Our financial statement
does not include any adjustments that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

As of June 30, 2025, we have no obligations,
assets or liabilities that would be considered off-balance sheet arrangements. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose