STOCK TITAN

Sponsor funds Future Vision II (NASDAQ: FVN) with $191K note and extends merger deadline

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Future Vision II Acquisition Corp. entered into a new unsecured promissory note on March 9, 2026, under which its sponsor HWei Super Speed Co. Ltd. advanced $191,475 to be deposited into the SPAC’s trust account. The note bears no interest, is due at the closing of the initial business combination, and will be forgiven if no deal is completed, with the sponsor waiving any claim on trust funds for repayment.

The sponsor may convert the unpaid principal into units at $10.00 per unit, identical to the original private placement units, as an unregistered issuance under Section 4(a)(2). The board approved an extension of the SPAC’s business combination deadline from March 13, 2026 to April 13, 2026, and the company continues to work toward a merger with MicroTouch Technology Inc. under a January 16, 2026 Merger Agreement, while stating there is no assurance a business combination will be completed by the new deadline.

Positive

  • None.

Negative

  • None.
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, and exhibit attachments filed with this report.
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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): March 9, 2026

 

 

 

Future Vision II Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-42273   00-0000000N/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 1/10th 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 March 9, 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 March 13, 2026 to April 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 April 13, 2026.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Description of Exhibits
10.1   Extension Promissory Note dated March 9, 2026, issued by the Company to Hwei Super Speed Co., Ltd.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

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: March 11, 2026 By: /s/ Danhua Xu
  Name: Danhua Xu
  Title: CEO and Director

 

2

FAQ

What financing did Future Vision II Acquisition Corp. (FVN) announce?

Future Vision II Acquisition Corp. issued a $191,475 unsecured promissory note to its sponsor on March 9, 2026. The funds are deposited into the SPAC’s trust account to support extending the deadline to complete its initial business combination by one month.

What are the key terms of Future Vision II’s new sponsor note?

The note for $191,475 bears no interest and matures at closing of the initial business combination. If no deal occurs, it is forgiven, and the sponsor cannot claim trust account funds for repayment, limiting recourse to the company outside the trust.

Can the Future Vision II sponsor convert the note into equity?

Yes. The sponsor may convert any unpaid principal into units at $10.00 per unit when a business combination closes. These units match the original private placement units and represent an unregistered issuance relying on Section 4(a)(2) of the Securities Act.

How did Future Vision II change its business combination deadline?

The board approved an extension of the business combination deadline from March 13, 2026 to April 13, 2026. This one-month extension gives the SPAC additional time to complete a transaction before it would otherwise be forced to liquidate and return capital.

Which merger is Future Vision II currently pursuing?

Future Vision II is continuing to pursue a business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026. The company expressly notes there can be no assurance a business combination will be completed by April 13, 2026.

How are the securities from the note conversion treated for registration?

Any units, and underlying securities, issued upon conversion of the note are unregistered, relying on Section 4(a)(2). These securities cannot generally be transferred before the initial business combination completes, and they are entitled to registration rights for future resale opportunities.

Filing Exhibits & Attachments

5 documents