Business Context and Reporting Period
Company: Future Vision II Acquisition Corp. (FVN)
Filing Type: Form 8-K (Current Report)
Date of Report: September 10, 2026
Context: The Company, a Cayman Islands-based special purpose acquisition company (SPAC), is in the process of consummating a business combination with MicroTouch Technology Inc. pursuant to a Merger Agreement dated January 16, 2026. This filing reports on a one-month extension of the business combination deadline and clarifies market mechanics regarding its securities.
Key Financial Metrics and Obligations
Debt and Liquidity:
- Promissory Note Issued: $65,000 principal amount issued to the Sponsor, Hwei Super Speed Co., Ltd.
- Purpose: To fund a one-month extension of the business combination deadline.
- Terms: Non-interest bearing; matures upon consummation of the initial business combination.
- Forgiveness: The note will be forgiven if the Company fails to consummate a business combination.
- Conversion Option: At the Sponsor's option, the unpaid principal may be converted into Units at $10.00 per unit upon closing.
Redemption Activity:
- Redemption Rate: $11.03 per share for shares tendered in the August 2026 extension event.
- Status: Funds were successfully wired to clearing brokers on August 27, 2026.
Revenue and Profit: The filing text does not provide specific revenue, profit, or cash flow figures for the reporting period.
Material Changes
- Extension of Deadline: The deadline to consummate the initial business combination has been extended from September 13, 2026, to October 13, 2026.
- Capital Structure: Creation of a direct financial obligation via the $65,000 promissory note, with potential future dilution if converted into Units.
Outlook, Risks, and Management Commentary
Outlook: The Company continues to pursue the merger with MicroTouch Technology Inc. However, management explicitly states there can be no assurance that the business combination will be consummated by the new deadline of October 13, 2026.
Market Clarification (Rights and Short Sales):
- Conversion Mechanics: Ten (10) Rights convert into one (1) Ordinary Share only upon the consummation of the business combination.
- Short Sale Restrictions: Rights cannot be converted prior to closing and therefore cannot be used to satisfy "locate" or delivery requirements for short sales of Ordinary Shares under SEC Regulation SHO.
- Shareholder Rights: Rights do not carry voting rights at the upcoming Extraordinary General Meeting and have no redemption rights or liquidating value.
Investor Verification Checklist
- Verify the status of the merger agreement with MicroTouch Technology Inc. and any potential further extension requests.
- Confirm whether the $65,000 promissory note is converted to equity or repaid upon the closing of the business combination.
- Monitor the October 13, 2026 deadline for the consummation of the initial business combination.
- Review broker-dealer policies regarding the short selling of FVN Ordinary Shares to ensure compliance with Regulation SHO given the non-convertible status of Rights.