Quarterly ResultMay 15, 2026, 07:07 AM
Future Vision II Q1 Net Income $418,756; MicroTouch Merger, Deadline Extended
AI Summary
Future Vision II Acquisition Corp. reported a net income of $418,756 for Q1 2026, a decrease from $454,300 in Q1 2025. The company terminated its merger agreement with VIWO Technology Inc. in December 2025 and subsequently entered into a new merger agreement with MicroTouch Technology INC in January 2026. The deadline to consummate a Business Combination was extended to April 13, 2026, with a final deadline of September 13, 2026, raising substantial doubt about the company's ability to continue as a going concern if a combination is not completed.
Key Highlights
- Net income for Q1 2026 was $418,756, down from $454,300 in Q1 2025.
- Loss per non-redeemable ordinary share increased to $(0.17) in Q1 2026 from $(0.09) in Q1 2025.
- VIWO Merger Agreement was terminated on December 29, 2025.
- Entered into a Merger Agreement with MicroTouch Technology INC on January 16, 2026.
- Business Combination deadline extended from March 13, 2026, to April 13, 2026.
- Cash balance at March 31, 2026, was $873,737, down from $1,024,709.
- Marketable securities in Trust Account totaled $61,762,576 as of March 31, 2026.
- Company faces substantial doubt about going concern if no Business Combination by Sep 13, 2026.
Price Impact
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