Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 509

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 509
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The Company’s founder and sponsor is HWei
Super Speed Co. Ltd., a British Virgin Island business company with limited liability (the “Sponsor”). The registration statement
for the Company’s Initial Public Offering was declared effective on September 11, 2024. On September 13, 2024, the Company
consummated its Initial Public Offering of 5,000,000 units (the “Units” and, with respect to the Ordinary Shares included
in the Units being offered, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $50,000,000 (the “Initial
Public Offering”, or “IPO”), and incurring offering costs of $1,845,513. The Company granted the underwriter a 45-day
option to purchase up to an additional 750,000 Units at the Initial Public Offering price to cover over-allotments, if any. As of September 13,
2024, the over-allotment option was exercised, generating gross proceeds of $7,500,000 and deposited into the Trust Account. Meanwhile,
57,500 ordinary shares were issued to the underwriter at the closing of the IPO as representative shares (“Representative Shares”),
and 28,750 representative shares will be issued as the deferred underwriting commission at the consummation of a Business Combination.

Simultaneously with the consummation of the closing
of the IPO, the Company consummated the private placement of an aggregate of 299,000 units (the “Placement Units”) to the
Sponsor at a price of $10.00 per Unit, generating gross proceeds of $2,990,000 (the “Private Placement”). (see Note 4).

The Company’s initial Business Combination
must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in
the Trust Account (as defined below) (net of amounts disbursed to management for working capital purposes, if permitted, and excluding
the amount of any deferred underwriting discount held in trust) at the time of the agreement to enter into the initial Business Combination.
However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires an interest in the target sufficient for the post-transaction company not to be
required to register as an investment company under the Investment Company Act