StockWatch
·
Services-Computer Integrated Systems Design
Loan & DebtJun 12, 2026, 06:07 AM

Future Vision II Acquisition Corp. Issues $191,475 Note for Business Combination Extension

AI Summary

Future Vision II Acquisition Corp. has issued a $191,475 unsecured promissory note to its sponsor, HWei Super Speed Co. Ltd., to fund an extension of its business combination deadline to July 13, 2026. The note is interest-free and will be forgiven if a business combination is not completed. The sponsor has the option to convert the note into company units at $10.00 per unit upon a successful business combination. The company continues to pursue its merger with MicroTouch Technology Inc.

Key Highlights

  • Future Vision II Acquisition Corp. issued a $191,475 unsecured promissory note to its sponsor, HWei Super Speed Co. Ltd.
  • The note funds an extension of the business combination deadline to July 13, 2026.
  • The note bears no interest and will be forgiven if no business combination is consummated.
  • The sponsor can convert the note into company units at $10.00 per unit upon a business combination.
  • The company is pursuing a business combination with MicroTouch Technology Inc.