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Future Vision II issues $65K note to extend deadline

The sponsor may convert the $65,000 note into units at closing, while the note is forgiven if FVN does not complete a business combination.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

Future Vision II Acquisition Corp. (FVN) issued a $65,000 unsecured promissory note to its sponsor, Hwei Super Speed Co., Ltd., on October 12, 2026. The sponsor advanced the funds into the company’s trust account for a one-month extension of the business-combination deadline, from October 13, 2026, to November 13, 2026. The note bears no interest, matures when the initial business combination is completed, and is forgiven if no combination is completed. At the sponsor’s option, unpaid principal may be converted into units at $10.00 per unit upon closing.

The board approved the extension at the sponsor’s request. Units and underlying securities issuable on conversion generally may not be transferred or sold by the sponsor until the combination is completed, subject to limited exceptions; they also carry registration rights. FVN says it continues to pursue its merger with MicroTouch Technology Inc. under a January 16, 2026 agreement, but says there is no assurance a business combination will be completed by November 13, 2026. The company noted potential market confusion over rights in connection with short selling its ordinary shares and urged broker-dealers to meet applicable locate and delivery requirements and review lending and shorting policies.

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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.
Promissory note principal $65,000 Note issued October 12, 2026
Conversion price $10.00 per unit At the sponsor’s option upon consummation of the initial business combination
Extension period One month Business-combination deadline extended from October 13, 2026, to November 13, 2026
Business-combination deadline November 13, 2026 Extended from October 13, 2026
unsecured promissory note financial
"issued an unsecured promissory 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 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
"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.
registration rights financial
"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.
locate and delivery requirements regulatory
"applicable locate and delivery requirements"

FAQ

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

How much did FVN's sponsor advance for the extension?

Hwei Super Speed Co., Ltd. advanced $65,000 to FVN, and the company issued an unsecured, non-interest-bearing promissory note on October 12, 2026. The advance was deposited into the trust account to effectuate a one-month extension of the business-combination deadline to November 13, 2026.

Can FVN's sponsor convert the extension note into units?

At the sponsor’s option, upon consummation of the initial business combination, the unpaid principal balance may be converted into company units at $10.00 per unit. The note matures upon consummation, and it will be forgiven if the company does not consummate a business combination.

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

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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): October 14, 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 October 12, 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 October 13, 2026, to November 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 October 13, 2026 to November 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.

 

1

 

 

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:

 

1.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.

 

  2. 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.

 

  3. 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.

 

  4. 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 November 13, 2026.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.   Description of Exhibits
10.1   Extension Promissory Note dated October 12, 2026, issued by the Company to Hwei Super Speed Co., Ltd.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

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: October 14, 2026 By: /s/ Danhua Xu
  Name: Danhua Xu
  Title: CEO and Director

 

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Filing Exhibits & Attachments

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