Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 65

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 the IPO, such amount was fully repaid.

    16

FUTURE VISION II ACQUISITION CORP.

NOTES TO UNAUDITED
            CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

(iii) Working Capital Loans

In addition, in order to finance transaction costs in connection with an intended initial Business Combination, the Sponsor, the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes the initial Business Combination, it intends to repay such loaned amount at closing. In the event that the initial Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $1,500,000 of such working capital loans (“Working Capital Loans”) made by the Sponsor, the Company’s officers and directors, or the Company’s or their affiliates to the Company prior to or in connection with its initial Business Combination may be convertible into units, at a price of $10.00 per unit at the option of the lender, upon consummation of its initial Business Combination. The units would be identical to the Placement Units.

For the six months ended June 30, 2025 and for the period from January 30, 2024 (inception) through June 30, 2024, the Company had no borrowings under the Working Capital Loans.

(iv) Administrative Services
Arrangement

Commencing on the effective date of the registration statement of the IPO, the Company has agreed to pay an affiliate of the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of its initial Business Combination or its liquidation, the Company will cease paying these monthly fees. The amount due to related parties is non-interest bearing and due on demand.

For the six and three months ended June 30,
2025, the Company has accrued $60,333 and
$30,333 for the service provided by the Sponsor, respectively.

As of June 30, 2025 and December 31, 2024, the balance of amount due to a related party were $96,666 and $36,333, respectively.

Note 6 — Shareholder’s Equity

Ordinary Shares

The Company is authorized to issue 500,000,000 ordinary shares with a