debt
confidence high
sentiment neutral
materiality 0.60
Future Vision II Acquisition Corp. (FVN): debt financing — Future Vision II extends SPAC deadline to April 13, 2026 with $191,475 sponsor note convertible at $10/unit
Future Vision II Acquisition Corp.
- Unsecured promissory note of $191,475 issued to sponsor HWei Super Speed Co. Ltd. to fund one-month extension from March 13 to April 13, 2026.
- Note bears no interest, matures upon business combination or liquidation, and is forgivable if no deal closes.
- Sponsor may convert unpaid principal into units at $10.00 per unit upon business combination, identical to placement units.
- Company continues to pursue merger with MicroTouch Technology Inc. under Jan 16, 2026 agreement; no assurance of deal by new deadline.