10-K - Future Vision II Acquisition Corp. (0002010653) (Filer)

Wed, Mar 5, 9:01 PM (11 days ago)

**Summary of Future Vision II Acquisition Corp. (FVN) 10-K Report** Future Vision II Acquisition Corp. (FVN), a blank check company incorporated in the Cayman Islands, aims to complete a business combination primarily targeting businesses in Asia. As of December 31, 2024, FVN generated no revenues and reported a net income of $640,343, derived from interest on marketable securities in a trust account. The company raised $57,500,000 through its IPO, incurring costs of $1,845,513. The proposed merger with Viwo Technology Inc. values the latter at $100,000,000, with FVN set to issue approximately 9,950,250 shares as consideration. Strategic risks include regulatory scrutiny in China, potential delays in obtaining necessary approvals, and competition from other SPACs. Financially, FVN has $1,332,505 in cash for operational needs, but a lack of revenue generation raises concerns about its ability to sustain operations without completing a business combination by March 2026. The company's governance includes a compensation committee and an audit committee, both composed of independent directors. Overall, the report emphasizes the challenges of securing a target business in a competitive and regulated environment, especially given the geopolitical landscape.