Future Vision II Acquisition Corp. filed a preliminary proxy statement/prospectus on registering 6,325,000 ordinary shares in connection with the proposed business combination (the "Business Combination") with MicroTouch Technology Inc.
The Merger Agreement values MicroTouch at $90,000,000 and contemplates issuing 8,955,224 New MT ordinary shares to MicroTouch shareholders (derived by dividing $90,000,000 by $10.05). The filing describes shareholder vote items, redemption mechanics, Nasdaq listing thresholds, sponsor ownership and dilution scenarios under multiple redemption assumptions.
Future Vision II Acquisition Corp. reported that on May 5, 2026 it received a deficiency notice from Nasdaq’s Listing Qualifications Department for failing to meet the required minimum number of public holders for listing on the Nasdaq Capital Market. The notice does not immediately affect the trading or listing of its securities.
The company has 45 calendar days, until June 22, 2026, to submit a plan to regain compliance, and Nasdaq may grant up to 180 calendar days from the notice date to demonstrate compliance if the plan is accepted. Future Vision II intends to submit a plan but cautions there is no assurance it will regain compliance with Nasdaq Listing Rule 5550(a)(3) or other continued listing standards.
Future Vision II Acquisition Corp. reported that Wolverine Asset Management, Wolverine Holdings, Christopher L. Gust, and Robert R. Bellick each hold shared voting and dispositive power over 376,158 ordinary shares, representing 4.99% of outstanding shares. The filing cites 7,544,000 ordinary shares outstanding as of December 31, 2025 per the issuer's 10-K.
The Schedule 13G/A clarifies ownership and control relationships: WAM is the investment adviser with voting/dispositive power, Wolverine Holdings is its sole member, and Messrs. Bellick and Gust may be deemed to control Wolverine Holdings. The filing is labeled an amendment.
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.
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.
Future Vision II Acquisition Corp., a Cayman Islands SPAC, reports 2025 results and outlines its planned merger with MicroTouch Technology Inc. The company generated net income of $2,070,450 in 2025, mainly from interest on IPO trust assets. Its September 2024 IPO raised $57,500,000 from 5,750,000 units at $10.00, with an additional $2,990,000 from a private placement.
As of December 31, 2025, 7,544,000 ordinary shares were outstanding, with 5,807,500 shares held by non‑affiliates valued at about $61.4 million based on a $10.57 share price. Funds in the trust account totaled $61,035,590, intended for completing a business combination or redeeming public shares if no deal is closed.
On January 16, 2026, Future Vision signed a Merger Agreement to combine with MicroTouch, an information technology services firm operating through Hong Kong subsidiaries. The transaction values MicroTouch at $90,000,000, with existing MicroTouch shareholders to receive approximately 8,955,224 Future Vision shares at $10.05 per share, subject to adjustments and customary closing conditions.
Future Vision II Acquisition Corp. has signed a Merger Agreement to combine with MicroTouch Technology INC. A wholly owned subsidiary of Future Vision II will merge into MicroTouch, which will remain as a wholly owned subsidiary, and Future Vision II will be renamed “MicroTouch Inc.” or another name chosen by MicroTouch, subject to Cayman approval.
The deal values MicroTouch at an enterprise value of $90,000,000, representing 100% of its fully diluted equity. MicroTouch shareholders will receive Future Vision II shares as consideration, based on this value divided by the SPAC per share redemption price, capped at $10.05 per share. Certain MicroTouch holders are expected to enter lock-up and non-compete agreements effective at closing, and all MicroTouch shareholders have signed a Transaction Support Agreement to approve the merger.
Closing is subject to customary conditions, including shareholder approvals, effectiveness of a Form S-4 proxy/registration statement, absence of legal blocks, satisfaction of covenants and representations, delivery of closing certificates, and Future Vision II having at least $5,000,001 of net tangible assets immediately after closing. The agreement can be terminated under specified conditions, and it follows the earlier termination of a prior merger agreement with VIWO Technology Inc.
Future Vision II Acquisition Corp. (FVN) reported its quarterly results for the period ended September 30, 2025. The SPAC generated net income of $557,209 in the quarter and $1,563,409 for the nine-month period, driven primarily by $618,724 and $1,845,521 of income earned on marketable securities held in the trust account, respectively.
Total assets were $61,597,591, including $60,451,218 in the trust account. Ordinary shares subject to possible redemption were 5,750,000 with a carrying value of $58,339,547. As of September 30, 2025, 7,544,000 ordinary shares were issued and outstanding. Earnings per redeemable share were $0.15 for the quarter and $0.46 year-to-date; the non-redeemable share class posted losses of $(0.16) and $(0.61), respectively.
The company disclosed substantial doubt about its ability to continue as a going concern, noting it must complete a business combination by March 13, 2026 (or up to September 13, 2026 with extensions). The trust is restricted until a deal or redemption. The company previously signed a Merger Agreement with VIWO Technology Inc., providing for 9,950,250 consideration shares valued at $100 million, subject to customary conditions.