other material
confidence high
sentiment neutral
materiality 0.65
Future Vision II and Viwo amend merger agreement to add performance-based lock-up for Viwo shareholders
Future Vision II Acquisition Corp.
- Amendment No. 1 requires Viwo shareholders to enter lock-up agreement with performance-based release mechanism.
- Two-year lock-up: shares released if Viwo achieves 20% gross revenue growth in FY1 and 30% in FY2 (24.96% CAGR).
- Three-year lock-up: shares released if Viwo achieves 126.2% gross revenue growth by FY3 (28.46% CAGR).
- Alternatively, shareholders may forfeit 10% of Consideration Shares after FY3 to release lock-up.
- Lock-up aligns shareholder interests with long-term growth of post-merger Viwo Inc.