Corporate ActionJul 13, 2026, 06:52 AM
Future Vision II Extends Business Combination Deadline to Aug 13
AI Summary
Future Vision II Acquisition Corp. has extended its business combination deadline by one month, from July 13, 2026, to August 13, 2026. To facilitate this extension, the company issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd., with funds deposited into the Trust Account. The note is non-interest bearing, convertible into units at $10.00 per unit upon a business combination, and will be forgiven if no combination occurs. The company is still working towards its previously announced merger with MicroTouch Technology Inc.
Key Highlights
- Business Combination Deadline extended from July 13, 2026, to August 13, 2026.
- Issued an unsecured promissory note for $191,475 to HWei Super Speed Co. Ltd.
- Funds from the note are for deposit into the Trust Account to effectuate the extension.
- 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.
- Note will be forgiven if no business combination is consummated.
- Company continues to pursue merger with MicroTouch Technology Inc.
Price Impact
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