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.
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.
Future Vision II Acquisition Corp. (FVN) reported results of an extraordinary general meeting where shareholders approved amendments to extend the deadline to complete an initial business combination. The amended Memorandum and Articles of Association now require a business combination or winding up and redemption of public shares by September 13, 2026, and permit the board to extend this deadline up to twelve additional one-month periods to September 13, 2027 without further shareholder approval. Shareholders also approved a conforming amendment to the Investment Management Trust Agreement.
In connection with these approvals, holders elected to redeem 1,866,403 public ordinary shares for an aggregate redemption payment of approximately 20,586,425.09, or about $11.3 per share, from the Trust Account. After these redemptions, approximately $42,868,763.91 remains in the Trust Account and 3,883,597 public ordinary shares remain issued and outstanding. The company states that it continues to work toward closing its previously announced business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026.
Future Vision II Acquisition Corp. reports that the redemption process for its upcoming extraordinary general meeting of shareholders (the Extension EGM) is separate from the redemption process for the extraordinary general meeting related to its initial business combination held on July 23, 2026, whose redemption window has closed. Any redemption instructions or Letters of Intent submitted for the July 23 EGM will not carry over to the Extension EGM. Shareholders who wish to redeem Ordinary Shares in connection with the Extension EGM must take separate, affirmative action to complete the required steps by 5:00 p.m. Eastern Time on August 19, 2026, described as the Redemption Deadline, or their shares will not be eligible for redemption at that meeting.
Future Vision II Acquisition Corp. entered into an unsecured promissory note with its sponsor HWei Super Speed Co. Ltd. for a principal amount of $191,475. The sponsor advanced these funds to be deposited into the company’s Trust Account to effect an extension of the deadline to complete its initial business combination.
The note bears no interest and matures upon closing of the initial business combination; if no business combination occurs, the note will be forgiven and the sponsor will have no right to repayment. The sponsor waived any claim to distributions from the Trust Account related to the note and may, at its option, convert the note into units at a $10.00 per unit conversion price, with such units identical to the prior private placement units.
The board approved an Extension of the business combination deadline from August 13, 2026 to September 13, 2026, and the company continues to pursue its previously announced combination with MicroTouch Technology Inc. It plans to hold an extraordinary general meeting to seek shareholder approval for a further extension and highlighted the mechanics of its publicly traded rights in the context of short selling of its ordinary shares. The company stated there can be no assurance it will complete a business combination by September 13, 2026.
Mizuho Financial Group, Inc. reports beneficial ownership of common shares of Future Vision II Acquisition Corp. under a passive ownership filing. Mizuho reports holding 11,000 common shares, representing 0.1% of the class.
Mizuho has sole voting and dispositive power over these 11,000 shares, with no shared power reported. The shares are directly held by Mizuho Securities USA LLC, and Mizuho Financial Group, Inc., Mizuho Bank, Ltd., and Mizuho Americas LLC may be deemed indirect beneficial owners through this wholly owned subsidiary.
Future Vision II Acquisition Corp., a Cayman Islands SPAC, reported net income of $828,741 for the six months ended June 30, 2026, driven by $1,081,150 of income on marketable securities in its $62,882,640 Trust Account and modest bank interest, offset by $260,972 of operating expenses. All 5,750,000 public shares remain classified as ordinary shares subject to possible redemption, with accretion of $2,784,862 pushing the redemption value to match Trust assets.
Cash outside the Trust was $788,401 with a working capital deficit of $151,600, and current liabilities include a $765,900 promissory note and $218,333 due to the sponsor. The company has extended its business combination deadline five times via monthly $191,475 deposits from the sponsor and now has until September 13, 2026 to complete a transaction, or it must liquidate. Management states that this mandatory liquidation trigger, if a business combination is not completed, raises substantial doubt about its ability to continue as a going concern. A merger with MicroTouch Technology INC has been agreed and the related Form S-4 was declared effective, and shareholders approved the MicroTouch merger at a July 23, 2026 meeting, but the business combination had not yet closed by June 30, 2026.
Karpus Management, Inc., doing business as Karpus Investment Management, reports beneficial ownership of common shares of Future Vision II Acquisition Corp. as of this amended filing. Karpus is a New York corporation and a registered investment adviser.
The firm reports beneficial ownership of 479,169 common shares, representing 12.66% of this class. Karpus has sole voting power and sole dispositive power over all 479,169 shares, with no shared voting or dispositive power; the shares are held in accounts managed by Karpus.
Future Vision II Acquisition Corp. is calling an extraordinary general meeting on August 21, 2026 in Shanghai to ask shareholders to extend its SPAC deadline and amend its trust agreement. The main goal is to gain more time to close its approved merger with MicroTouch Technology INC or pursue an alternative deal.
The proposals would move the current outside date to September 13, 2026 and allow up to 12 additional one‑month extensions to September 13, 2027. For each monthly extension, the sponsor will deposit the lesser of $65,000 or $0.0333 per remaining public share into the Trust Account. Public shareholders can redeem some or all public shares for cash at an estimated $10.97 per share as of the July 24, 2026 record date, regardless of how they vote, subject to a minimum $5,000,001 net tangible asset requirement. If the extensions are not approved and no business combination closes by September 13, 2026, Future Vision must redeem all public shares and liquidate.
Future Vision II Acquisition Corp. held an extraordinary general meeting on July 23, 2026. Of 7,544,000 ordinary shares outstanding as of June 15, 5,812,556 (about 80.593%) were represented, establishing a quorum. Shareholders approved the Business Combination Proposal, the issuance of ordinary shares for the transaction under Nasdaq rules, a name change to “MicroTouch Inc.” upon closing, amended and restated charter documents, a slate of five directors effective at closing, and an adjournment proposal.
In connection with the meeting, holders of public ordinary shares could tender for cash redemption. 3,758,515 public ordinary shares were validly tendered. Had the Business Combination closed on the meeting date, the estimated redemption price would have been approximately $10.97 per share, or about $41,228,654.43 in aggregate, with approximately $21,845,460.57 remaining in the trust account, 1,991,485 public ordinary shares outstanding, and 3,785,485 total ordinary shares before issuing consideration shares and converting rights. These redemptions are expressly conditioned on consummation of the Business Combination, which remains subject to closing conditions including initial Nasdaq listing approval; if the transaction does not close, the tendered shares will not be redeemed, and the company may instead seek an extension or ultimately liquidate and distribute the trust to public shareholders.