Loan & DebtMay 13, 2026, 07:52 AM
FVN Extends Business Combination Deadline to June 13, 2026
AI Summary
Future Vision II Acquisition Corp. extended its deadline to complete an initial business combination from May 13, 2026, to June 13, 2026. To fund this extension, the company issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd. The note is non-interest bearing, matures upon the business combination, and is convertible into units at $10.00 per unit.
Key Highlights
- Business combination deadline extended from May 13, 2026, to June 13, 2026.
- Issued an unsecured promissory note for $191,475 to HWei Super Speed Co. Ltd.
- Note proceeds deposited into the trust account to fund the extension.
- Note does not bear interest and matures upon business combination closing.
- Sponsor can convert note into units at $10.00 per unit upon business combination.
- Sponsor waives claims against the trust account regarding the note.
- Company continues to pursue combination with MicroTouch Technology Inc.
Price Impact
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