Can the Future Vision II (FVN) sponsor convert the note into equity?

Yes. At its option, the sponsor may convert all or part of the note’s unpaid principal into units at $10.00 per unit upon closing a business combination. These units match the placement units issued in the SPAC’s initial private placement and carry similar terms and registration rights.

Future Vision II extends merger deadline to May 13

Future Vision II Acquisition Corp. entered into an unsecured promissory note for $191,475 with its sponsor, HWei Super Speed Co. Ltd., to fund a deposit into the SPAC’s trust account and support an extension of its merger deadline.

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

8-K

Rhea-AI Filing Summary

Future Vision II Acquisition Corp. entered into an unsecured promissory note for $191,475 with its sponsor, HWei Super Speed Co. Ltd., to fund a deposit into the SPAC’s trust account and support an extension of its merger deadline.

The note bears no interest and will either be repaid at the closing of the initial business combination or forgiven if no deal is completed. At the sponsor’s option, the principal may convert into units at $10.00 per unit, identical to prior placement units. The board approved extending the business combination deadline from April 13, 2026 to May 13, 2026 as the company continues pursuing its proposed merger with MicroTouch Technology Inc.

Insights

Small sponsor note funds a one‑month SPAC deadline extension.

Future Vision II Acquisition Corp. issued a zero-interest, unsecured promissory note for $191,475 to its sponsor to finance an extension payment into the trust account. This is a typical SPAC mechanism to buy additional time before a potential liquidation event.

The note is repayable only upon closing a business combination and is forgiven if no deal occurs, shifting economic risk to the sponsor. An option to convert at $10.00 per unit into placement‑style units adds some equity upside for the sponsor without cash outlay by the company at conversion.

The board extended the business combination deadline from April 13, 2026 to May 13, 2026 while the SPAC continues working toward a merger with MicroTouch Technology Inc. Actual outcomes now hinge on whether a transaction closes by the new date under the existing Merger Agreement.

8-K Event Classification

5 items: 1.01, 2.03, 3.02, 8.01, 9.01

5 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Promissory note principal: $191,475 Conversion price per unit: $10.00 per unit Business combination deadline (old): April 13, 2026 +3 more

6 metrics

Promissory note principal $191,475 Unsecured note issued to sponsor on April 8, 2026

Conversion price per unit $10.00 per unit Optional conversion price for note principal upon business combination

Business combination deadline (old) April 13, 2026 Original deadline before extension

Business combination deadline (new) May 13, 2026 Extended deadline approved by board

Unit right entitlement 1/10 of one Ordinary Share Each right in listed units entitles holder to 1/10 share

Unit par value $0.0001 per Ordinary Share Par value of Ordinary Shares in units registered on Nasdaq

Key Terms

Material Definitive Agreement, unsecured promissory note, trust account, initial business combination, +2 more

6 terms

Material Definitive Agreement regulatory

"Item 1.01. Entry into a Material Definitive Agreement"

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

unsecured promissory note financial

"the Company issued an unsecured promissory note (the “Note”)"

An unsecured promissory note is a written IOU in which a borrower promises to repay a loan plus any interest but does not pledge any asset as collateral. Investors care because it relies solely on the borrower’s ability to pay—like lending money to someone without holding their watch as security—so it usually carries higher interest and higher risk and ranks below secured debt if the borrower defaults, affecting expected recovery and company credit profile.

trust account financial

"funds to the Company to be deposited into the Company’s trust account"

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

initial business combination financial

"the date by which the Company must consummate its initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

Extension regulatory

"to effectuate an extension of the date by which the Company must consummate"

An extension is an official lengthening of a deadline, time window, or contractual term — for example giving more time to file documents, complete a project, or exercise a right. Investors care because it changes when expected outcomes, obligations, or payments will happen; like moving a bill’s due date, an extension can ease short‑term pressure or delay potential gains and risks, affecting valuation and planning.

registration rights regulatory

"are entitled to registration rights"

Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Future Vision II Acquisition Corp. (FVN) announce in this 8-K?

Future Vision II Acquisition Corp. issued a $191,475 unsecured promissory note to its sponsor and obtained a one‑month extension of its business combination deadline. The move finances an additional trust account deposit as the SPAC continues pursuing a merger with MicroTouch Technology Inc.

How does the new promissory note affect Future Vision II (FVN)?

The company received a $191,475 zero‑interest, unsecured loan from its sponsor to fund an extension payment into its trust account. The note is repayable only if a business combination closes and will be forgiven if no transaction is completed, shifting risk primarily to the sponsor.

How long did Future Vision II (FVN) extend its business combination deadline?

The board approved extending the business combination deadline from April 13, 2026 to May 13, 2026. This one‑month extension gives the SPAC more time to complete its previously announced merger with MicroTouch Technology Inc., although completion by that date is not guaranteed.

What happens to the Future Vision II (FVN) note if no merger is completed?

If the SPAC does not consummate a business combination, the $191,475 promissory note will be forgiven, and the sponsor will have no right to repayment. The sponsor also waived any claim to distributions from the trust account related to this note, reinforcing that investors’ trust funds remain protected.

What restrictions apply to units issuable upon conversion of the Future Vision II (FVN) note?

Units, and their underlying securities, issued upon any conversion of the note generally cannot be transferred or sold by the sponsor until completion of the initial business combination. These securities are also entitled to registration rights, allowing them to be registered for resale in the future.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/13/2026 - 04:34 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 8, 2026

Future Vision II Acquisition Corp.

(Exact name of registrant as specified in its charter)

Cayman Islands

001-42273

N/A

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

Xiandai Tongxin Building

201 Xin Jinqiao Road, Rm 302

Pudong New District

Shanghai, China00000

(Address of principal executive offices, including zip code)

+ (86) 136 0300 0540

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Ordinary Share, par value $0.0001 per share, and one right to acquire 1/10^th of one Ordinary Share	FVNNU	The Nasdaq Stock Market LLC
Ordinary Shares included as part of the Units	FVN	The Nasdaq Stock Market LLC
Rights included as part of the Units	FVNNR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement

The disclosures set forth under Item 2.03 are incorporated by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On April 8, 2026, Future Vision II Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $191,475 to HWei Super Speed Co. Ltd., the Company’s sponsor (the “Sponsor”). The Note was issued in connection with the Sponsor’s advance of funds to the Company to be deposited into the Company’s trust account (the “Trust Account”) to effectuate an extension of the date by which the Company must consummate its initial business combination (the “Extension”).

The Note does not bear interest and matures upon the closing of the Company’s initial business combination. In the event that the Company does not consummate a business combination, the Note will be forgiven and the Sponsor will have no right to receive payment under the Note. The Sponsor has agreed to waive any and all right, title, interest, or claim of any kind in or to any distribution of or from the Trust Account with respect to the Note.

At the Sponsor’s option, at any time prior to payment in full of the principal balance of the Note, the Sponsor may elect to convert all or any portion of the unpaid principal balance of the Note into units of the Company at a conversion price equal to $10.00 per unit, upon the consummation of a business combination. Such units will be identical to the placement units issued to the Sponsor in the private placement that closed simultaneously with the Company’s initial public offering.

The issuance of the Extension Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

The foregoing description of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities

The information disclosed under Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required herein. The Units (and the underlying securities) issuable upon conversion of the Note, if any, (1) may not, subject to certain limited exceptions, be transferable or salable by the Sponsor until the completion of the Company’s initial business combination and (2) are entitled to registration rights.

Item 8.01 Other Events.

Pursuant to the Company’s Amended and Restated Memorandum and Articles of Association, the Board of Directors approved the Extension upon the Sponsor’s request, extending the Business Combination Deadline from April 13, 2026 to May 13, 2026. The information set forth in Items 1.01 and 2.03 of this Current Report on Form 8-K is incorporated herein by reference. The Company is continuing to pursue the consummation of its previously announced business combination with MicroTouch Technology Inc. pursuant to the Merger Agreement dated January 16, 2026. There can be no assurance that the Company will consummate a business combination by May 13, 2026.

Item 9.01 Financial Statements and Exhibits

Exhibit No.		Description of Exhibits
10.1		Extension Promissory Note dated April 8, 2026, issued by the Company to Hwei Super Speed Co., Ltd.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Future Vision II Acquisition Corp.

Date: April 13, 2026	By:	/s/ Danhua Xu
	Name:	Danhua Xu
	Title:	CEO and Director

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 17.4 KB

Future Vision II extends merger deadline to May 13

Rhea-AI Filing Summary