Can FVN’s sponsor convert the new note into equity?

Yes. Upon consummation of the initial business combination, the sponsor may elect to convert the unpaid principal of the note into units at a conversion price of $10.00 per unit. These units and underlying securities will be subject to transfer restrictions and have registration rights.

Future Vision II extends merger deadline to Oct 13

Q: What did FVN say about its pending MicroTouch Technology Inc. deal?

Future Vision II Acquisition Corp. states it is continuing to pursue its previously announced business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026, while noting there can be no assurance the deal will close by October 13, 2026.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Future Vision II Acquisition Corp. (FVN) disclosed that on September 10, 2026 it issued a non‑interest‑bearing unsecured $65,000 promissory note to its sponsor, Hwei Super Speed Co., Ltd. The sponsor advanced funds into the company’s trust account to obtain a one‑month extension of the deadline to complete an initial business combination, moving the Business Combination Deadline from September 13, 2026 to October 13, 2026.

The note matures at the closing of the initial business combination and will be forgiven if no business combination is completed. At the sponsor’s option, the unpaid principal may convert into units at $10.00 per unit, with the resulting units subject to transfer restrictions and entitled to registration rights. The company reports that it continues to pursue its previously announced business combination with MicroTouch Technology Inc. under a merger agreement dated January 16, 2026. It also confirmed that redemption proceeds from an August 2026 extension event were wired to public shareholders at a $11.03 per share redemption rate and reminded market participants of proper use of its publicly traded rights in connection with short selling. The company states there can be no assurance it will complete a business combination by October 13, 2026.

Positive

None.

Negative

No assurance of business combination by October 13, 2026, meaning the SPAC still faces a near‑term deadline risk despite the one‑month extension.

Filing Explained

The Item 3.02 disclosure describes units as issuable only if the sponsor later exercises its conversion option; it does not report that the note has converted or that those units have been issued, so this filing establishes potential—not current—equity dilution.

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: $65,000 Conversion price per unit: $10.00 per unit Business Combination Deadline extension: From September 13, 2026 to October 13, 2026 +2 more

5 metrics

Promissory Note principal $65,000 Unsecured, non‑interest‑bearing note issued to sponsor on September 10, 2026

Conversion price per unit $10.00 per unit Sponsor may convert unpaid principal of the note into units upon business combination

Business Combination Deadline extension From September 13, 2026 to October 13, 2026 One‑month extension approved under amended memorandum and articles

August 2026 redemption rate $11.03 per share Paid to public shareholders who redeemed in the August 2026 extension event

Merger Agreement date January 16, 2026 Date of merger agreement with MicroTouch Technology Inc.

Key Terms

Promissory Note, Trust Account, Business Combination Deadline, registration rights, +1 more

5 terms

Promissory Note financial

"issued an unsecured promissory note (the “Promissory Note”) in the principal amount"

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

Trust Account financial

"advance of funds to the Company 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.

Business Combination Deadline financial

"extending the Business Combination Deadline from September 13, 2026 to October 13"

registration rights regulatory

"The Units ... 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.

short selling financial

"regarding the use of its publicly traded Rights in connection with short selling"

An investing strategy where someone borrows shares and sells them now, planning to buy them back later at a lower price to return to the lender, pocketing the difference; if the price rises instead, the borrower loses money. Think of it like borrowing a book to sell today and hoping you can repurchase it cheaper later. Short selling matters because it lets investors bet against overvalued stocks, can add market liquidity and price discovery, but it also increases volatility and carries the risk of large or unlimited losses.

FAQ

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

What new promissory note did Future Vision II Acquisition Corp. (FVN) issue?

Future Vision II Acquisition Corp. issued an unsecured, non‑interest‑bearing $65,000 promissory note to its sponsor on September 10, 2026. The sponsor advanced these funds into the trust account to support extending the deadline to complete an initial business combination by one month.

How did FVN change its business combination deadline?

The board approved an extension of Future Vision II Acquisition Corp.’s Business Combination Deadline from September 13, 2026 to October 13, 2026, in line with its amended memorandum and articles, following the sponsor’s funding of the trust account.

What redemption rate did FVN pay in the August 2026 extension event?

For the August 2026 extension redemption event, public shareholders who validly tendered ordinary shares for redemption were paid at a redemption rate of $11.03 per share. The company states that the associated redemption funds were successfully wired on August 27, 2026.

What did FVN say about its pending MicroTouch Technology Inc. deal?

Future Vision II Acquisition Corp. states it is continuing to pursue its previously announced business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026, while noting there can be no assurance the deal will close by October 13, 2026.

How did FVN address short selling and its publicly traded rights?

Future Vision II Acquisition Corp. noted potential market confusion about using its publicly traded Rights in short selling of its Ordinary Shares and reminded broker‑dealers to comply with locate and delivery requirements and review internal policies on lending and shorting its securities.

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

Understanding 8-K Material Events →

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Available on EDGAR 09/14/2026 - 08:46 AM Accepted by SEC EDGAR 09/14/2026 - 08:46 AM

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): September 10, 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 September 10, 2026, Future Vision II Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Promissory Note”) in the principal amount of $65,000 to the Company’s sponsor, Hwei Super Speed Co., Ltd. (the “Sponsor”). The Promissory Note was issued in connection with the Sponsor’s advance of funds to the Company deposited into the Company’s trust account (the “Trust Account”) to effectuate a one-month extension of the date by which the Company must consummate its initial business combination, from September 13, 2026, to October 13, 2026.

The Promissory Note is non-interest bearing and matures upon the consummation of the Company’s initial business combination. In the event that the Company does not consummate its initial business combination, the Promissory Note will be forgiven. At the Sponsor’s option, upon the consummation of the initial business combination, the unpaid principal balance of the Promissory Note may be converted into units of the Company at a conversion price of $10.00 per unit.

The foregoing description of the Promissory Note is qualified in its entirety by reference to the full text of the Promissory Note, a copy of which is attached as Exhibit 10.1 hereto and is 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 September 13, 2026 to October 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.

Update on Extension Redemptions

Additionally, on August 27, 2026, the redemption funds associated with the August 2026 extension redemption event were successfully wired to the respective clearing brokers. Public shareholders who validly tendered their ordinary shares for redemption in connection with the extension event were paid at a redemption rate of $11.03 per share.

Clarification Regarding Rights and Short Sale Coverage

The Company has become aware of potential market confusion regarding the use of its publicly traded Rights (CUSIP: G37068114) in connection with short selling activities of its Ordinary Shares (CUSIP: G37068106).

The Company wishes to remind shareholders, broker-dealers, and clearing firms of the specific mechanics governing its securities:

Conversion Timeline: Under the Company’s Memorandum and Articles of Association, ten (10) Rights will automatically convert into one (1) Ordinary Share only upon the consummation of the Company’s initial business combination.

No Pre-Closing Conversion: Rights are not currently convertible, will not convert upon the approval of the August 21, 2026 extension, and cannot be voluntarily converted by the holder at any time prior to the closing of the business combination.

Not a Valid Locate for Settlement: Because the Rights cannot be converted into Ordinary Shares prior to the consummation of the business combination, holding Rights does not provide an investor with deliverable Ordinary Shares. Consequently, the Company believes that un-converted Rights cannot be used to satisfy “locate” or delivery requirements for short sales of Ordinary Shares under SEC Regulation SHO prior to the closing.

No Voting or Redemption Rights: Rights do not carry voting rights at the upcoming Extraordinary General Meeting and have no redemption rights or liquidating value.

The Company urges broker-dealers to ensure compliance with all applicable locate and delivery requirements regarding the Company’s Ordinary Shares and to review their internal policies regarding the lending and shorting of Future Vision II Acquisition Corp. securities.

There can be no assurance that the Company will consummate a business combination by October 13, 2026.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description of Exhibits
10.1		Extension Promissory Note dated September 10, 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: September 14, 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 13.7 KB