Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 169

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 169
---
, the structuring of future transactions and the handling of any future challenges by any taxing authorities to the Company’s tax reporting positions may take into consideration this Shareholder’s tax or other considerations, which may differ from the Company’s considerations or those of its other Shareholders.

If New VIWO meets the definition of a “controlled company” under the rules of the Nasdaq Listing Rule, it may choose to exempt from certain corporate governance requirements that could have an adverse effect on the public shareholders.

Following consummation of the Business Combination, the VIWO shareholders will beneficially own approximately 54.89% of the combined voting power of New VIWO and VIWO’s majority shareholder, CDDI, will beneficially own approximately 30.19% of the combined voting power of New VIWO ordinary shares. However, assuming the maximum number of redemptions by the Future Vision public shareholders and conversion of public and private rights to 604,900 shares and issuance of 28,750 representative shares as deferred underwriting commission, New VIWO’s majority shareholder would beneficially own 44.21%, and if acting as a group, VIWO shareholders will beneficially own approximately 80.39% of the combined voting power of New VIWO ordinary shares and in such an event, New VIWO would be a “controlled company” as defined in the corporate governance rules of Nasdaq. For so long as New VIWO is as a controlled company under that definition, it would be permitted to elect to rely on certain exemptions from the Nasdaq corporate governance rules, including the requirements that (i) a majority of the board of directors consists of independent directors; (ii) its board of directors have a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities and (iii) its board of directors have a nominating and corporate governance committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities.

As a result, the investors may not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. New VIWO’s status as a controlled company could cause its securities to look less attractive to certain investors or otherwise harm the trading price.

Because New VIWO may be a “controlled company” following the Business Combination under The Nasdaq Stock Market listing standards, our Shareholders may not have certain corporate governance protections that are available to Shareholders of companies that are not controlled companies.

So long as more than 50% of the voting power for