Loan & DebtApr 13, 2026, 04:37 PM
FVN Issues $191,475 Promissory Note for Business Combination Extension
AI Summary
Future Vision II Acquisition Corp. issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd. The funds will be deposited into the company's trust account to extend the deadline for completing its initial business combination. The note is interest-free, matures upon the business combination's closing, and can be converted into company units at $10.00 per unit at the sponsor's option.
Key Highlights
- Future Vision II Acquisition Corp. issued an unsecured promissory note for $191,475.
- The note was issued to HWei Super Speed Co. Ltd., the company's sponsor.
- Funds are for an extension of the deadline to consummate an initial business combination.
- The note does not bear interest and matures upon closing of a business combination.
- Sponsor can convert the note into units at $10.00 per unit upon business combination.
Price Impact
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