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Future Vision II Acquisition Corp. ( (FVN) ) has issued an announcement.
On March 9, 2026, Future Vision II Acquisition Corp. issued a $191,475 unsecured, non‑interest‑bearing promissory note to its sponsor, HWei Super Speed Co. Ltd., to fund a deposit into its trust account and extend the deadline to complete its initial business combination. The note matures at the closing of a business combination, will be forgiven if no deal is completed, and may be converted at the sponsor’s option into company units at $10 per unit, identical to prior private placement units.
The board approved extending the business combination deadline from March 13, 2026 to April 13, 2026, allowing the SPAC more time to pursue its previously announced merger with MicroTouch Technology Inc. The sponsor has waived claims on trust account distributions related to the note, and any units issued on conversion will be locked up until a deal closes, underscoring both the tight timetable and the sponsor’s financial support for completing the transaction.
More about Future Vision II Acquisition Corp.
Future Vision II Acquisition Corp. is a special purpose acquisition company focused on completing an initial business combination, including a previously announced merger with MicroTouch Technology Inc. It operates as a blank-check company, holding investor funds in a trust account while seeking an appropriate target to take public through a merger transaction.
Average Trading Volume: 26,170
Technical Sentiment Signal: Buy
Current Market Cap: $80.74M
Find detailed analytics on FVN stock on TipRanks’ Stock Analysis page.