Wed, May 14, 1:08 PM (40 days ago)
**Future Vision II Acquisition Corp. (FVNNU, FVN, FVNNR) Q1 2025 Financial Summary** Future Vision II Acquisition Corp. (FVNNU, FVN, FVNNR) reported its Q1 2025 financial results, highlighting its financial health, performance metrics, and operational updates. The company, a blank check company incorporated in the Cayman Islands, is focused on effecting a merger, share exchange, asset acquisition, or similar business combination. **Financial Health and Performance Metrics:** - **Revenue:** The company reported no operational revenue, as it has not commenced any operations. Non-operating income was $454,300, primarily from interest earned on marketable securities held in the Trust Account. - **Profit Margins:** The company reported a net income of $454,300 for Q1 2025, compared to a net loss of $2,091 for the period from January 30, 2024, to March 31, 2024. - **Cash Flow:** Cash used in operating activities was $190,060 for Q1 2025. The company had $1,142,445 in cash and $59,218,058 in marketable securities held in the Trust Account as of March 31, 2025. - **Earnings Changes:** The company's earnings per share (EPS) for redeemable ordinary shares was $0.11, while the EPS for non-redeemable ordinary shares was -$0.09 for Q1 2025. **Quarterly Performance Discussion:** - The company's liquidity needs were satisfied through the net proceeds from the Initial Public Offering (IPO) and the Private Placement held outside of the Trust Account. - The company has incurred and expects to continue incurring significant costs in pursuit of a business combination. - The company has until March 13, 2026, to consummate its initial business combination, with the possibility of a six-month extension. **Trends and Uncertainties:** - The company's financial statements do not include any adjustments that might result from its inability to consummate the initial business combination. - The company's management has determined that there is substantial doubt about its ability to continue as a going concern until the earlier of the consummation of the business combination or the date the company is required to liquidate. **Future Operations Impact:** - The company intends to use substantially all of the net proceeds of the IPO, including the marketable securities held in the Trust Account, to acquire a target business or businesses and to pay expenses relating thereto. - The company may need to obtain additional financing to consummate its initial business combination or to redeem a significant number of its public shares upon consummation of the business combination. **Ticker:** FVNNU, FVN, FVNNR