other material
confidence high
sentiment neutral
materiality 0.25
Future Vision II extends deal deadline to Nov 13, 2026 via $65K sponsor note; MicroTouch merger pending
Future Vision II Acquisition Corp.
- $65,000 unsecured, non-interest-bearing promissory note issued Oct 12, 2026 to sponsor Hwei Super Speed Co., Ltd. and deposited into the trust account.
- Business combination deadline extended from Oct 13, 2026 to Nov 13, 2026; note matures at closing and is forgiven if no combination is consummated.
- Sponsor may convert unpaid principal into units at $10.00 per unit at closing; conversion capped at $1.5M aggregate with other similar sponsor loans.
- Company says it is continuing to pursue its merger with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026.
- Company warned Rights (10 rights convert to 1 share only at closing) cannot serve as a Reg SHO locate for short sales of its ordinary shares.