FVN SEC filings, in plain English
Everything Future Vision II has filed with the SEC that we hold — 40 filings, newest first, 38 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Future Vision II Acquisition Corp. filed an 8-K reporting the results of its August 21, 2026 extraordinary general meeting. Shareholders approved amendments to the Memorandum and Articles of Association (MAOA) and the Investment Management Trust Agreement to extend the business combination deadline from September 13, 2026, to September 13, 2027, allowing for up to twelve one-month extensions without further shareholder approval. In connection with this extension, 1,866,403 public shares were redeemed at approximately $11.30 per share, resulting in a total payout of $20,586,425.09 from the Trust Account. Following redemptions, $42,868,763.91 remains in the Trust Account, and 3,883,597 public ordinary shares remain outstanding. The filing also confirms the Company continues to pursue its previously announced business combination with MicroTouch Technology Inc. Why it matters: The redemption of 1,866,403 shares reduces the public float and increases the relative ownership percentage of remaining shareholders and sponsors. The remaining trust balance of $42,868,763.91 provides the capital necessary to complete the MicroTouch Technology Inc. merger or fund operations during the extended period. The extension to September 13, 2027, grants management additional time to finalize the deal, while the specific vote counts (5,288,386 For vs. 630,276 Against) indicate strong shareholder support for the extension mechanism.
What changed: A Form 8-K (Item 8.01 Other Events) filed by Future Vision II Acquisition Corp. to provide clarifying information to shareholders, broker-dealers, and clearing firms regarding redemption mechanics for an upcoming extraordinary general meeting seeking approval to extend the company’s timeline to consummate an initial business combination. The filing explicitly severs the redemption event for the upcoming Extension EGM from the already-closed redemption window associated with the July 23, 2026 EGM tied to the initial business combination. It imposes a strict Redemption Deadline of 5:00 p.m. Eastern Time on August 19, 2026. According to the Company, any shareholder wishing to redeem Ordinary Shares must independently complete two affirmative actions by that deadline: (1) submit a new written request (Letter of Intent) to the transfer agent specifically designating shares for the Extension EGM, and (2) electronically deliver those exact shares to the transfer agent’s account at The Depository Trust Company (DTC) via the DWAC system. The Company warns that prior redemption instructions or Letters of Intent submitted for the July 23 EGM will not automatically roll over, and failure to execute both steps renders the applicable shares ineligible for redemption regarding the Extension EGM. Why it matters: This mechanical directive directly governs capital outflow timing relative to the stated $10.97 trust/share balance and the September 13, 2026 business combination deadline. As clarified in the filing, shareholders who do not submit fresh DTC/DWAC instructions by August 19, 2026, forfeit their right to exit at trust value regardless of how they ultimately vote on the extension, which will either preserve remaining trust capital for the final deadline or alter the post-extension pool if conversion triggers. The procedural update, issued and signed by CEO and Director Danhua Xu on August 18, 2026, indicates active sponsor enforcement of shareholder election pathways rather than passive administration. Aside from these redemption mechanics, personnel identification, and references to the August 7, 2026 Proxy Statement, the filing contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation.
What changed: A Form 8-K Current Report accompanied by DEFA14A supplemental proxy soliciting material that functions as a routine compliance exhibit clarifying shareholder redemption mechanics for an upcoming Extension EGM. The Company clarified that the redemption event tied to the Extension EGM is separate from the July 23, 2026 extraordinary general meeting. The Company stated that redemption instructions or Letters of Intent submitted for the July 23 EGM will not automatically roll over. Instead, the Company directed that shareholders or brokers must take separate affirmative action by 5:00 p.m. Eastern Time on August 19, 2026 to: (1) submit a new written request specifically designating shares for the Extension EGM, and (2) deliver those specific shares electronically via the Deposit/Withdrawal at Custodian system to the transfer agent’s DTC account. The Company explicitly warned that failure to complete both steps by August 19, 2026 will result in the shares being ineligible for redemption in connection with the Extension EGM. Why it matters: This procedural reset dictates whether investors can successfully exit ahead of the company’s stated objective to seek shareholder approval for a further extension. Because the July 23 EGM redemption window closed on that date, passive holders risk involuntary retention of Ordinary Shares unless they coordinate with clearing firms to resubmit instructions and deposit securities before the August 19, 2026 cutoff. The Company attributed the sole purpose of the Extension EGM to seeking approval to further extend the initial business combination deadline, referencing additional details in the Proxy Statement filed August 7, 2026. Sponsor conduct and administrative burden now shift squarely to timely broker execution, as omitted paperwork permanently locks shares into the extension vote.
What changed: A Current Report on Form 8-K detailing the execution of an extension promissory note, a one-month extension of the initial business combination deadline, logistical preparations for an extraordinary general meeting, and a regulatory trading clarification regarding the company’s publicly traded Rights. According to Item 8.01 and Exhibit 10.1, the Board of Directors approved the sponsor HWei Super Speed Co. Ltd.’s request to extend the Business Combination Deadline from August 13, 2026, to September 13, 2026. Per the Company’s disclosures, the sponsor advanced a principal amount of $191,475, which was deposited into the Trust Account to fund the extension. The filing states the unsecured promissory note bears no interest, matures upon business combination closing, is forgiven if the Company liquidates, and includes a conversion option at $10.00 per unit, capped at an aggregate of $1,500,000 alongside other working capital or extension loans. The Board confirmed the Company will continue pursuing the previously announced business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026. Additionally, the Company reports it intends to convene an extraordinary general meeting to seek shareholder approval for a further extension. Separately, the Company clarifies that ten (10) Rights (CUSIP: G37068114) convert to one (1) Ordinary Share only upon consummation, carry no redemption or voting rights at the upcoming meeting, and cannot satisfy Regulation SHO locate requirements for short selling Ordinary Shares (CUSIP: G37068106). Why it matters: The extension sustains the operational path toward closing the MicroTouch Technology transaction but explicitly indicates management anticipates needing additional shareholder approvals, thereby prolonging redemption uncertainty past September 13, 2026. The $191,475 financing structurally shields public trust assets through the sponsor’s explicit waiver while creating latent equity dilution via the conversion feature if the merger completes. The Rights trading clarification materially alters broker-dealer lending policies and short-sale positioning ahead of any shareholder action, removing a perceived mechanical hedge for market participants and highlighting the binary nature of the upcoming redemption and voting outcomes. The filing contains no published claims regarding customer relationships, revenue streams, market size, or proprietary technology; all substantive developments stem from corporate governance actions, financing terms, and securities mechanics disclosed by the registrant.
What changed: A Limited Power of Attorney (Exhibit A and Exhibit B) attached to a Schedule 13G/A filing, which delegates signing authority for Section 13(d) and 13(g) regulatory submissions to designated executives. The text contains no updates to redemption deadlines, trust valuation, extension mechanics, deal progress, or sponsor conduct. It is strictly a procedural delegation of authority for SEC form execution and carries no amendments to FVN's structural or shareholder terms. Why it matters: It confirms Mizuho’s administrative compliance setup for beneficial ownership reporting. According to the document, Shuji Matsuura (acting as Senior Managing Corporate Executive, Head of Global Corporate & Investment Banking for Mizuho Financial Group, Inc., and as Managing Executive Officer, Head of Global Corporate & Investment Banking Division for Mizuho Bank, Ltd.) and Adam Hopkins (Chief Legal Officer and Managing Director, General Counsel for Mizuho Americas LLC and Mizuho Securities USA LLC) executed the instrument to grant Takahiro Katsura (Managing Director, Head of Global Branches & Subsidiaries Coordination Office, Global Corporate Function Coordination Department) power to execute Forms 13G, related amendments, restatements, supplements, and exhibits, and to timely file them with the SEC. The document explicitly states that the attorneys-in-fact assume no responsibilities or liability for Section 13 compliance failures. Entity locations disclosed include 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan for Mizuho Bank, Ltd., and 1271 Avenue of the Americas, NY, NY 10020, USA for both Mizuho Americas LLC and Mizuho Securities USA LLC. This routine corporate authorization bears no operational, financial, or timeline impact on Future Vision II and does not alter shareholder rights or capital structure provisions.
What changed: Quarterly report on Form 10-Q for the period ended June 30, 2026, for Future Vision II Acquisition Corp., a SPAC. The document reports the SPAC's progress toward its business combination with MicroTouch Technology INC (MicroTouch). It discloses that: (1) Shareholders approved the MicroTouch merger at an EGM on July 23, 2026, subsequent to the balance sheet date. (2) The SPAC has used four one-month extensions (First through Fourth) and the Fifth Extension was effected on July 8, 2026, moving the deadline from July 13, 2026 to August 13, 2026, with a $191,475 deposit from the Sponsor. (3) The trust value per share is roughly $10.93 ($62,882,640 / 5,750,000 redeemable shares), and the SPAC has a working capital deficit of $151,600 as of June 30, 2026. (4) The SPAC received a Nasdaq notice on May 5, 2026 for failing the minimum public holders rule (300 holders), needing to submit a compliance plan by June 22, 2026. (5) A prior deal with VIWO Technology was terminated on December 29, 2025. Why it matters: This filing is highly material because it confirms the shareholder vote to approve the MicroTouch merger, moving the SPAC to the final stages of its de-SPAC transaction. It also documents the critical deadline extension mechanism and the trust value at the quarter end, providing investors with the data needed to assess redemption economics. The disclosure of the Nasdaq non-compliance risk is a significant warning that, if uncured, could trigger liquidation.
What changed vs 2026-05-15trust $61.8M → $62.9M +2%trust account, redeemable shares, combination deadline +21 moved · 4 with no prior record of ours
- Trust account
- $61.8M$62.9M
- Redeemable shares
- not previously extracted5.75M
- Combination deadline
- 2026-09-13 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
SpacBrain reads this as $1,120,064 was added to the trust between the two filings.
The clause …“Cash $ 788,401 $ 1,024,709 Prepaid expenses 44,232 - Marketable securities held in Trust Account 62,882,640 61,035,590 Total current assets 63,715,273 62,060,299 TOTAL ASSETS $ 63,715,273 $ 62,060,299 Liabilities, Ordinary Shares”…
The clause …“contingencies (Note 7) - - Ordinary shares subject to possible redemption, 5,750,000 shares subject to possible redemption at June 30, 2026 and December 31, 2025 62,882,640 60,097,778 Shareholders (Deficit) Equity: Ordinary shares, $”…
The clause …“Nevertheless, there can be no assurance that we will be able to consummate a business combination by September 13, 2026. No adjustments have been made to the carrying amounts and classification of assets or liabilities should the”…
The clause …“combination not occur, and the potential subsequent dissolution, raises substantial doubt about the Company s ability to continue as a going concern. The Company intends to complete the Initial Business Combination before the”…
The clause …“from January 30, 2024 (inception) through December 31, 2024, the Company had borrowed $ 375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion of the IPO, such amount was fully repaid. 16 FUTURE VISION”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Definitive proxy statement (DEF 14A) for an extraordinary general meeting to approve amendments to the charter and trust agreement to extend the deadline to complete a business combination. Shareholders are asked to approve an extension of the deadline to complete a business combination from September 13, 2026 to up to September 13, 2027 via up to 12 monthly extensions, each funded by the sponsor at the lesser of $65,000 or $0.0333 per public share. The MicroTouch business combination was approved by shareholders on July 23, 2026, but its closing remains subject to Nasdaq listing approval; the board is uncertain whether it can close by September 13, 2026. Shareholders who do not vote for the extension may redeem at approximately $10.97 per share by August 19, 2026. Why it matters: Without the extension, the SPAC would be forced to liquidate if the MicroTouch deal does not close by September 13, 2026. The extension provides up to 12 additional months to close the deal or pursue an alternative. The filing details redemption rights, the coordination with prior redemptions from the business combination vote, sponsor incentives (founder shares worth ~$18.5M if deal closes vs $0 in liquidation, $830,900 in extension loans), and significant beneficial ownership information (sponsor 23%, Mizuho 8.9%, Karpus 6.48%). The outcome directly affects shareholder liquidity and the SPAC's survival.
What changed: Routine compliance exhibit: a Schedule 13G/A amendment to a beneficial ownership report filed by Karplus Management, Inc. The provided excerpt designates the submission as an amendment to a Schedule 13G beneficial ownership report for Karplus Management, Inc., but contains no disclosed share quantities, ownership percentages, acquisition dates, or stated purpose for the amendment. Consequently, it bears no reported impact on redemption deadlines, trust value mechanics, extension proposals, deal progress, or sponsor conduct. Beyond standard regulatory reporting, the excerpt discloses zero substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: As a routine ownership disclosure amendment, this filing does not independently modify redemption windows, alter trust distribution schedules, or signal changes to the target acquisition or sponsor behavior. Without the accompanying schedule of securities owned, purchase prices, or aggregate percentage thresholds, the text offers no actionable data for tracking liquidity events, voting dynamics, or capital commitment adjustments beyond confirming Karplus Management, Inc. remains a reported beneficial owner.
What changed: Preliminary proxy statement (PRE 14A) soliciting shareholder approval to amend the company's charter and trust agreement to extend the deadline to complete a business combination up to September 13, 2027, with monthly extension fees paid by sponsor. The company proposes to extend the initial business combination deadline from September 13, 2026 to up to September 13, 2027 (12 additional monthly extensions), with each extension requiring a deposit of the lesser of $65,000 or $0.0333 per public share by the sponsor. The trust agreement will be amended accordingly. Shareholders have redemption rights with a deadline of August 26, 2026. The meeting is scheduled for August 2026. Why it matters: This filing provides the redemption deadline (August 26, 2026) and details the extension mechanism. The trust value is $10.97 per share. The deal is approved but not yet closed; the extension is needed to satisfy remaining closing conditions, including Nasdaq listing approval. Sponsor has $830,900 in extension loans outstanding. The board recommends voting for the extension. This is critical for investors tracking redemption windows and the likelihood of deal completion.
What changed: A Form 8-K current report detailing extraordinary general meeting voting outcomes, shareholder redemption submissions, and post-vote trust mechanics. Mechanics: At the July 23, 2026 meeting, shareholders approved the Merger Agreement (5,688,865 for, 123,691 against), a name change to “MicroTouch Inc.” (5,688,865 for, 123,691 against), charter amendments removing pre-combination provisions (5,489,514 for, 323,042 against), Nasdaq Rule 5635 share issuances, and an adjournment resolution. Five directors were elected—Aijiao Tian, Jinyan Han, Kai Lun Wong, Shuding Zeng, and Maria Borg (each receiving 5,688,865 votes for, 123,691 withheld). Regarding redemptions, 3,758,515 public shares were tendered. Per the filing, had closing occurred on the meeting date, the estimated redemption price would have been approximately $10.97 per share for an aggregate of approximately $41,228,654.43. However, Article 37.6 specifies the final per-share price calculates two business days prior to actual consummation, allowing for interest accrual or sponsor deposit of extension loans. If closing conditions (including Nasdaq listing approval) fail, these 3,758,515 tenders are canceled, shares remain outstanding, and the company may hold an Extension Meeting or liquidate. Assuming consummation, 1,991,485 public shares remain, approximately $21,845,460.57 stays in trust, and 3,785,485 total ordinary shares exist before consideration shares and rights convert. Other Substance: The filing contains zero operational disclosures regarding customers, revenue, market size, technology, partnerships, litigation, or corporate strategy. It is purely a structural/governance report signed by CEO and Director Danhua Xu, noting the registrant’s SIC code as 7373 and principal executive offices in Shanghai, China, with Cayman Islands incorporation. Why it matters: Investors tracking redemptions and trust value now face explicit conditional payout mechanics: the 3,758,515 tendered shares hold no automatic cash claim if closing conditions are unmet, creating binary execution risk. The trust payout valuation window shifts from the approval date to two business days pre-closing, introducing variable exposure to interest accrual or sponsor extension loan injections until that anchor point. The post-combination capital structure (3,785,485 pre-conversion shares and approximately $21,845,460.57 trust balance) establishes the immediate dilution and liquidity baseline ahead of the September 13, 2026, deadline. Because the filing attributes no commercial, technological, or financial performance claims, current trading and redemption decisions depend entirely on management’s execution of Nasdaq approval and condition waivers rather than disclosed fundamentals.
What changed: Form 8-K reporting the approval of a one-month extension of the business combination deadline, funded by an unsecured promissory note from the sponsor. According to the filing, the Board of Directors approved extending the Business Combination Deadline from July 13, 2026, to August 13, 2026. To fund this extension, the Company’s sponsor, HWei Super Speed Co. Ltd., advanced $191,475 via an unsecured promissory note dated July 8, 2026. The Sponsor agreed to deposit these funds directly into the Trust Account and waived all rights or claims to the Trust Account regarding this Note. The Note bears no interest, matures at the closing of a business combination, and will be forgiven if no combination occurs. At the Sponsor’s option, up to $1,500,000 in aggregate convertible debt may be exchanged for Units at $10.00 per Unit upon consummation. Why it matters: This extension moves the final redemption window and liquidation trigger to August 13, 2026. Because the Sponsor explicitly waived any claim against the Trust Account for the Note, the cash available to public shareholders for redemptions or dissolution remains protected from this borrowing. However, the Sponsor retains the unilateral right to convert the debt into equity at $10.00 per Unit upon a successful merger, which would dilute existing public shareholders. Meanwhile, the Company confirmed it continues to pursue its merger with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026, but management cautioned there can be no assurance that the transaction will close by the new deadline.
What changed: Refiled definitive 424(b)(3) proxy statement/prospectus (Reg. No. 333-295750) for Future Vision II Acquisition Corp.'s merger with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026, filed solely to correct a typographical error in the record date that appeared in the June 29, 2026 original; the corrected record date is June 15, 2026, with the closing price on that date updated accordingly, and the filing otherwise conforms in all material respects. Future Vision will be renamed MicroTouch Inc. and the prospectus registers 6,325,000 ordinary shares. MicroTouch is a Cayman holding company whose IT services business (algorithmic real-time traffic matching for digital advertising and custom enterprise software) is run through Hong Kong subsidiaries Fast Joyful Technology Limited and Shuang Long Technology Limited, with no mainland China operations and no VIE structure; counsel Jason and Cole LLP advises no CSRC or CAC approval is currently required. Auditors are HYYH CPA LLC (Baltimore) for MicroTouch and ZH CPA LLC (Denver) for Future Vision, both PCAOB-inspectable. Why it matters: Confirms the record date for the vote is June 15, 2026 and that Future Vision's live target is MicroTouch, not the earlier VIWO Technology deal registered in 2025. Hong Kong operating exposure carries HFCAA and PRC-intervention risk despite the U.S.-headquartered auditors.
What changed: Original definitive 424(b)(3) proxy statement/prospectus (Reg. No. 333-295750) filed June 29, 2026 for Future Vision II Acquisition Corp.'s merger with MicroTouch Technology Inc. under the January 16, 2026 Merger Agreement; MicroTouch merges with Future Vision II Acquisition Merger Subsidiary Corp. and survives, and Future Vision is renamed MicroTouch Inc. subject to Cayman Registrar approval, with 6,325,000 ordinary shares registered. MicroTouch provides algorithmic real-time traffic matching for digital advertising and full-lifecycle custom software development through Hong Kong subsidiaries Fast Joyful Technology Limited and Shuang Long Technology Limited; New MT will be a Cayman holding company with no direct operations and no mainland China presence or VIE, and MicroTouch has never made intercompany transfers or paid dividends to the holding company. This version was superseded the next day by a refiling correcting the record date. Why it matters: Documents Future Vision II's replacement target after the earlier VIWO transaction: a Hong Kong ad-tech and software services business acquired through a Cayman holding structure, with the usual PRC-oversight and HFCAA risk factors and no history of cash upstreaming to fund the holding company.
What changed: Amendment No. 1 to Registration Statement on Form S-4 (proxy statement/prospectus) for the business combination between SPAC Future Vision II Acquisition Corp. and target MicroTouch Technology Inc. This S-4/A was filed to register the securities (ordinary shares and rights) to be issued in connection with the merger. Compared to the initial S-4 filing, this amendment includes updated disclosures regarding the redemption deadline (June [rdeadline], 2026 at 5:00 PM Eastern), the record date ([rcdate], 2026), the meeting date ([mtdate], 2026), the trust value ($61,762,576 as of March 31, 2026, equal to approximately $10.74 per public share), the trust/share value ($10.97), the outstanding shares (7,544,000 ordinary shares, including 5,750,000 public shares subject to redemption), the extension loans ($765,900 outstanding to the Sponsor), and detailed pro forma financial statements under three redemption scenarios. The filing also states that the Sponsor has funded four monthly extensions (through July 13, 2026) and that the deadline is 2026-09-13. Why it matters: The filing provides definitive terms and mechanics for the shareholder vote and redemption, and confirms the trust value at $61.8M. It includes a detailed ownership dilution table under five redemption scenarios, with MicroTouch shareholders set to own 52.3% (no redemptions) to 78.7% (max redemptions) of the combined company. Crucially, the filing warns that if redemptions exceed 58.6%, the combined company will fail the Nasdaq Rule 5210(l) minimum $25 million unrestricted public float requirement, and its securities would be immediately suspended and delisted without any cure period. The sponsor paid $1.74/share on average for its shares ($0.017 for founder shares) vs. the $10.00 public IPO price, creating a 491% immediate paper gain on the founder stake and a conflict of interest to close the deal. No fairness opinion was obtained, only a valuation report. The target (MicroTouch) is a Cayman/Hong Kong IT services firm with two main business lines: algorithmic real-time ad matching and custom software development; the document warns of all risks associated with Hong Kong operations and states it has no Mainland China operations, no CSRC approval is required but future regulatory risk exists.
What changed: A Form 8-K current report detailing the entry into a material definitive agreement (an unsecured promissory note), the creation of a direct financial obligation, the advancement of unregistered equity securities, and an official announcement extending the SPAC's business combination deadline. The Business Combination Deadline has been formally extended from June 13, 2026 to July 13, 2026. To effectuate this one-month Extension, the Sponsor, HWei Super Speed Co. Ltd., advanced capital via an unsecured promissory note in the principal amount of $191,475. The filing states the note proceeds are deposited directly into the Trust Account, the note bears no interest, and it will be forgiven if the Company does not consummate a business combination by the new deadline. The Sponsor has agreed to waive any and all right, title, interest, or claim in the Trust Account with respect to the note. At the Sponsor's option, all or any portion of the unpaid principal may be converted into units at a conversion price equal to $10.00 per unit upon consummation of a business combination. Why it matters: The extension resets the redemption and liquidation timeline to July 13, 2026, defining the final window for public shareholders to evaluate their exit options before the SPAC's dissolution. The note issuance and trust waiver signal active sponsor commitment to preserving the trust corpus while funding the extension period. Regarding deal progress, the Company stated it is continuing to pursue its previously announced business combination with MicroTouch Technology Inc. pursuant to a Merger Agreement dated January 16, 2026. The Company simultaneously cautioned that there can be no assurance the business combination will be consummated by July 13, 2026. These updates directly impact shareholder liquidity horizons, redemption pricing mechanics, and execution risk assessment.
What changed: A Joint Filing Statement (Exhibit I) pursuant to Rule 13d-1(k)(1)(iii), consented to by Kerry Propper and Antonio Ruiz-Gimenez, filed as an attachment to their Schedule 13G/A regarding shares of Future Vision II Acquisition Corp. The filing reports no alterations to redemption deadlines, trust share values, extension timelines, merger deal progress, or sponsor conduct. Kerry Propper and Antonio Ruiz-Gimenez merely record their procedural consent to jointly file their Schedule 13G under Rule 13d-1(k)(1)(iii), reserving the right to terminate the joint arrangement upon written notice or a mutually agreed shorter period. Why it matters: Neither party asserts or references any claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. With zero substantive business or operational disclosures, the document carries no material impact on SPAC mechanics or investor valuation. The filing is purely administrative and non-substantive.
What changed: Quarterly report on Form 10-Q for the period ended March 31, 2026, containing unaudited financial statements. Three one-month extensions have been taken (to June 13, 2026), funded by three $191,475 sponsor promissory notes. The prior VIWO merger was terminated on December 29, 2025. A new merger agreement with MicroTouch Technology Inc. was entered on January 16, 2026. The company received a Nasdaq deficiency notice on May 5, 2026 for failing the minimum 300 public holders requirement (Rule 5550(a)(3)). Cash at March 31, 2026 is $873,737; working capital is $558,479. Trust per-share value was $10.74 ($61,762,576/5,750,000 shares) vs. $10.97 per share at filing. Accretion of $1,664,798 in the quarter increased the redemption value of the 5,750,000 public shares. Why it matters: This filing confirms that the company's deadline to close the MicroTouch merger is Sept. 13, 2026, with $191,475 monthly extensions (three taken, three remain). The Nasdaq listing deficiency puts the MicroTouch merger at risk; the closing condition requires listed securities. The trust value ($61.76M) is above the $57.5M IPO proceeds but slightly below the stated $10.97/share at filing. Sponsor continues to fund extensions via convertible, forgivable notes. The prior VIWO deal failed, making the MicroTouch deal the only path to avoid liquidation.
What changed vs 2025-10-31trust $60.5M → $61.8M +2%deadline 2026-03-31 → 2026-09-13trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $60.5M$61.8M
- Combination deadline
- 2026-03-312026-09-13
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
SpacBrain reads this as $1,311,358 was added to the trust between the two filings.
The clause …“Cash $ 873,737 $ 1,024,709 Prepaid expenses 64,217 - Marketable securities held in Trust Account 61,762,576 61,035,590 Total current assets 62,700,530 62,060,299 TOTAL ASSETS $ 62,700,530 $ 62,060,299 Liabilities, Ordinary Shares”…
SpacBrain reads this as 166 days later than the previous record.
The clause …“Nevertheless, there can be no assurance that we will be able to consummate a business combination by September 13, 2026. No adjustments have been made to the carrying amounts and classification of assets or liabilities should the”…
The clause …“combination not occur, and the potential subsequent dissolution, raises substantial doubt about the Company s ability to continue as a going concern. The Company intends to complete the Initial Business Combination before the”…
The clause …“from January 30, 2024 (inception) through December 31, 2024, the Company had borrowed $ 375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion of the IPO, such amount was fully repaid. (iii) Promissory”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: An SEC Form 8-K Current Report detailing a sponsor-funded extension promissory note and a board-approved modification of the initial business combination deadline. The registrant's Board of Directors approved extending the Business Combination Deadline from May 13, 2026 to June 13, 2026 at the request of the sponsor HWei Super Speed Co. Ltd. To fund this one-month extension, the Sponsor advanced an unsecured promissory note in the principal amount of $191,475, which was deposited into the Trust Account. The Sponsor waived any right, title, interest, or claim against the Trust Account regarding this advance. The note bears no interest, matures upon the closing of a business combination, and will be fully forgiven if the Company liquidates without consummating a deal prior to the new deadline. The Sponsor retains the contractual option to convert the unpaid principal balance into Company units at a fixed conversion price of $10.00 per unit upon consummation, capped at an aggregate of $1,500,000 when combined with other similar working capital or extension loans; converted units remain non-transferable until after the business combination closes. Why it matters: This filing mechanically resets the shareholder redemption and survival window by thirty days to June 13, 2026, while temporarily boosting the Trust Account with $191,475 in extension funding. According to the Company's public statements, it continues to pursue its announced merger with MicroTouch Technology Inc. under the Merger Agreement dated January 16, 2026. However, the Company explicitly warns that it cannot guarantee consummation by June 13, 2026. For investors tracking redemption mechanics and trust preservation, this filing confirms the sponsor's continued financial backing to delay a potential liquidation event, clarifies the subordinated nature of the sponsor's claim against trust distributions, and establishes the precise conversion economics if the deal ultimately closes.
What changed: Preliminary proxy statement/prospectus on Form S-4 for the business combination between Future Vision II Acquisition Corp. (SPAC FVN) and MicroTouch Technology Inc., seeking shareholder approval for the merger and related proposals. First comprehensive S-4 filing disclosing full merger terms: $90M valuation of MicroTouch, 8,955,224 shares to be issued at $10.05/share, five redemption scenarios (0% to 100%), trust value $61,035,590 as of Dec 31, 2025 (~$10.61/share), redemption deadline 2 business days before the meeting (date TBD), SPAC deadline extended to May 13, 2026 via two one-month sponsor-funded extensions (and up to six total to Sept 13, 2026), previous VIWO merger terminated Dec 29, 2025, no fairness opinion obtained, sponsor's founder shares ($0.017/share) vs. public IPO price ($10.00), accrued $158,000 in administrative fees, $382,950 working capital loan outstanding, target description (SFM real-time ad matching + custom software development), financial projections (2026 rev $25M, 2030 rev $58.2M), material weaknesses in internal controls, and risk factors. Why it matters: Provides investors with all critical information needed to decide whether to redeem or vote: the exact redemption mechanics, trust account value, extension timeline, sponsor conflicts (massive promote dilution), target business fundamentals and financial projections, and the conditions that could abort the deal (Nasdaq listing thresholds, net tangible assets test). Also reveals prior aborted deal with VIWO, which may affect confidence in management.
What changed: A Form 8-K Current Report filed under Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically covering Item 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing) and Item 9.01 (Financial Statements and Exhibits). The filing reports that on May 5, 2026, The Nasdaq Stock Market LLC notified the Company it is no longer in compliance with the minimum number of public holders requirement for continued listing on The Nasdaq Capital Market. According to the registrant, this written notice is a deficiency alert, not an immediate delisting determination, and carries no current effect on listing or trading. The Company confirms the transaction timeline and trust account mechanics remain untouched by this notice. Under Nasdaq Listing Rule 5550(a)(3), the Company must submit a compliance plan within 45 calendar days, or by June 22, 2026. Nasdaq may grant an extension of up to 180 calendar days to demonstrate compliance if the plan is accepted. If the plan is rejected, the Company may appeal to a Nasdaq Hearings Panel. CEO and Director Danhua Xu executed the report on May 6, 2026. Why it matters: While the listing deficiency does not alter redemption mechanics, trust balances, or the sponsor's obligation to complete a business combination, it introduces near-term exchange compliance risk that could impact execution. Per the Company's own statements, it offers no assurance it can regain compliance or satisfy other Nasdaq continued listing standards. Public holder shortfalls often correlate with reduced secondary market liquidity, higher governance and legal expenditures, and increased operational distraction ahead of deal closure. For investors monitoring the 06 Technology business combination, the 45-day plan submission deadline and the potential 180-day extension window establish a time-sensitive catalyst that may influence shareholder sentiment, redemption behavior, and the sponsor's capacity to close the transaction on favorable terms.
What changed: Draft registration statement on Form S-4 (confidential preliminary proxy statement/prospectus) for the business combination between Future Vision II Acquisition Corp. (SPAC) and MicroTouch Technology Inc. (target), including the merger agreement, risk factors, financial projections, and pro forma financials. First comprehensive public disclosure of the MicroTouch merger terms, replacing the prior terminated VIWO deal. Includes: (i) equity valuation of MicroTouch at $90 million; (ii) consideration of 8,955,224 Future Vision ordinary shares; (iii) pro forma ownership tables under redemption scenarios; (iv) trust account value of ~$61 million as of Dec 31, 2025; (v) extension already exercised to May 13, 2026 with $382,950 deposited; (vi) detailed risk factors including Hong Kong/China regulatory risks, no fairness opinion, sponsor conflicts, Nasdaq listing condition requiring $15M (or $25M if China-based) market value of publicly held shares; (vii) material weaknesses in MicroTouch's internal controls; (viii) King Kee valuation report confirming $90-92 million fair value range. Why it matters: This filing provides the first complete picture of the MicroTouch deal, enabling shareholders to assess the merger, redemption mechanics, and risks before the vote. Key actionable items: (1) redemption deadline is two business days before the extraordinary general meeting (date to be set); (2) per-share trust value is ~$10.97 as of status but ~$10.61 as of Dec 31, 2025 (before taxes); (3) public shareholders will be diluted from 76.8% pre-merger to as low as 0% if all redeem; (4) Nasdaq listing condition may fail if redemptions exceed 75.2% (under $15M threshold) or 58.6% (under $25M threshold); (5) sponsor paid $0.017 per founder share and has strong incentive to close; (6) no fairness opinion was obtained; (7) risks of Hong Kong/China regulatory intervention and PCAOB access are disclosed.
What changed: Amended Schedule 13G beneficial ownership report. The filing registers an amendment to disclosure obligations submitted by Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick. The excerpt lists only the reporting persons and contains no share counts, aggregate percentages, transaction dates, or purchase prices. It contains no information pertaining to FVN’s redemption calendar, trust value per share, merger progression, extension protocols, or sponsor conduct. Why it matters: Schedule 13G/A filings track cumulative stake adjustments that can alter voting leverage ahead of corporate action windows. Identifying the named blockholders clarifies the shareholder topology relevant to any future business combination vote or liquidity event. This excerpt discloses no magnitude of change, and therefore implies no immediate shift in redemption pressure or deal support. No financial projections, customer claims, technology assertions, partnership announcements, litigation details, or personnel changes appear in the text, and no executive or third-party statements are attributed.
What changed: Confidentially submitted draft registration statement on Form S-4 (DRS/A) for the business combination between Future Vision II Acquisition Corp. (FVN) and MicroTouch Technology Inc., filed April 13, 2026. The document serves as a preliminary proxy statement/prospectus for the extraordinary general meeting at which FVN shareholders will vote on the merger. First detailed public disclosure of the merger terms and target financials. This is a draft registration statement that has not yet been publicly filed with the SEC; all information remains strictly confidential as of the filing date. Key new information includes: (1) trust account value of $61,035,590 as of Dec. 31, 2025; (2) explicit valuation of MicroTouch at $90M; (3) per-share redemption not yet computed but trust per public share is ~$10.62; (4) deadline extended to May 13, 2026 via sponsor deposits of $191,475 per month (March and April); (5) complete pro forma ownership tables under five redemption scenarios; (6) target financials showing FY2025 revenue of $19.2M and net income of $1.92M; (7) identification of two prior material weaknesses in target's internal controls; (8) no fairness opinion obtained; (9) KKG valuation report range $90.9M-$92M. Why it matters: Investors now have full deal mechanics including trust value (~$10.62/public share), redemption deadline procedures (two business days before the meeting, date TBD), net tangible asset condition ($5,000,001 minimum), and detailed dilution analysis. The filing reveals sponsor incentives: founder shares purchased at $0.017/share, private units at $10.00, and $382,950 in working capital loans outstanding. Target shows high customer concentration (four customers >50% of Q1 2026 revenue) and material weaknesses in financial reporting and IT controls. The Hong Kong-based holding company structure carries CFIUS, HFCAA, and PRC regulatory risks. No fairness opinion means shareholders rely solely on board judgment.
What changed: A Form 8-K Current Report filed by Future Vision II Acquisition Corp., reporting the issuance of an extension promissory note, Board approval of a one-month business combination deadline extension, and status updates regarding the pending merger with MicroTouch Technology Inc. According to the registrant, on April 8, 2026, the company issued an unsecured promissory note to its sponsor, HWei Super Speed Co. Ltd., for $191,475, depositing the proceeds directly into the trust account to fund a one-month extension. The Board approved shifting the business combination deadline from April 13, 2026 to May 13, 2026. The note carries zero interest, matures upon business combination closing, and will be forgiven if the company liquidates without completing a deal. The sponsor expressly waived all right, title, interest, or claim against the trust account regarding this note. Furthermore, the sponsor may elect to convert the unpaid principal into company units at $10.00 per unit upon consummating a business combination. This conversion feature is capped at an aggregate principal of $1,500,000 when combined with other similar extension or working capital loans per the final prospectus. Converted units will be identical to the IPO placement units and carry registration rights. Why it matters: This filing materially resets the redemption and liquidation horizon, giving the trust until May 13, 2026 before a mandatory dissolution trigger. The trust account receives a direct $191,475 credit restricted solely to extension administration, while the sponsor's absolute waiver ensures public shareholder distributions remain insulated from this debt. The conversion pathway establishes a fixed $10.00 conversion ratio, limiting sponsor-induced dilution to $1,500,000 and creating unregistered equity that will only trade post-closing. Concerning the target, management states the registrant continues to pursue its previously announced business combination with MicroTouch Technology Inc. under a Merger Agreement dated January 16, 2026, but the filing explicitly cautions that it cannot guarantee the deal will close by May 13, 2026. The submission contains no revenue data, customer disclosures, market sizing, or operational metrics.
What changed: Preliminary proxy statement/prospectus (Form S-4) filed confidentially as a DRS/A for the business combination between Future Vision II Acquisition Corp. (FVN) and MicroTouch Technology Inc. The document is a draft registration statement not yet publicly filed with the SEC, containing the full merger terms, risk factors, financial statements, and voting/redemption procedures. This is the first confidential submission of the S-4; no prior public filing exists. Key details disclosed: merger consideration of $90 million enterprise value for MicroTouch, with MicroTouch shareholders receiving 8,955,224 FVN shares (52.3% post-merger assuming no redemptions). Trust account per-share value ~$10.61 as of December 31, 2025. The SPAC's deadline was extended from March 13, 2026 to April 13, 2026 via a $191,475 sponsor note deposited March 9, 2026. No fairness opinion was obtained. Minimum cash condition set at $5,000,001 net tangible assets. Redemption deadline is two business days before the shareholder meeting (date TBD). Sponsor compensation details: founder shares at $0.017/share, private units at $10.00/unit, accrued $158,000 in administrative fees. MicroTouch FY2025 revenue $19.2M, net income $1.9M. Customer concentration: four customers accounted for 25%, 17%, 15%, and 10% of revenue. Two customers accounted for 70% and 30% of accounts receivable. Vendor concentration: three vendors accounted for 26%, 22%, and 18% of purchases. The transaction is subject to Nasdaq listing requirements including a minimum $15M (or $25M if deemed China-based) market value of unrestricted publicly held shares. Why it matters: This filing provides the first comprehensive disclosure of the merger terms, target financials, and risks for FVN shareholders. Investors can now evaluate the deal, assess redemption thresholds, and understand the sponsor's conflicts of interest. The document also reveals significant concentration risks in MicroTouch's customer and vendor base, and the absence of a fairness opinion. The outcome of the shareholder vote and redemption levels will determine whether the merger closes and whether the combined company meets Nasdaq listing standards.
What changed: A Form 8-K current report filed by Future Vision II Acquisition Corp. disclosing the issuance of an extension promissory note, a direct creation of a financial obligation, unregistered equity securities provisions, and the board-approved extension of a business combination deadline. Per the registrant's filing, the business combination deadline shifted from March 13, 2026, to April 13, 2026. The company documented a $191,475 unsecured promissory note payable to sponsor HWei Super Speed Co. Ltd., dated March 9, 2026. The filing states the proceeds deposit directly into the trust account, bear zero interest, and automatically forgive if no business combination occurs before liquidation. Sponsor HWei Super Speed Co. Ltd. waived all trust account claims tied to the note. At closing, the sponsor may elect to convert the unpaid principal into units at a fixed price of $10.00 per unit, capped at a maximum aggregate limit of $1,500,000 for all similar extension or working capital debt. Why it matters: The extension sustains the trust architecture for non-redeeming shareholders while granting a one-month operational buffer. The registrant reported that it 'is continuing to pursue the consummation of its previously announced business combination with MicroTouch Technology Inc. pursuant to the Merger Agreement dated January 16, 2026,' but CEO and Director Danhua Xu, who executed the signatory block, explicitly noted that 'there can be no assurance that the Company will consummate a business combination by April 13, 2026.' The sponsor's funding mechanism and trust waiver insulate redemption balances from depletion during the delay, yet the documented execution caveat confirms ongoing deal uncertainty ahead of the revised April cutoff.
What changed: 10-K annual report for fiscal year ended December 31, 2025. The prior target (VIWO Technology) terminated the merger agreement on December 29, 2025. On January 16, 2026, the SPAC entered a new Merger Agreement with MicroTouch Technology INC, valued at $90,000,000, with MicroTouch shareholders receiving approximately 8,955,224 Consideration Shares valued at $10.05 per share. The trust per-share value grew to $10.61 ($61,035,590 / 5,750,000 public shares), exceeding the $10.97 trust/share headline by trust earnings. Net income was $2,070,450 for FY2025. The auditor's report contains a going concern emphasis paragraph related to the mandatory liquidation deadline of September 13, 2026. Why it matters: The termination of the Viwo deal and the signing of a new deal with MicroTouch is the central event. Shareholders must assess the new target (MicroTouch, an IT services firm operating entirely through Hong Kong subsidiaries, not a VIE structure) and its $90 million valuation. The trust value per share has grown with interest, providing a stronger floor for redemptions. The going concern qualification (auditor emphasis) underscores the risk that if this deal or another is not completed by September 13, 2026, the SPAC will liquidate. Sponsor conduct is also relevant: the sponsor is funding an administrative services fee, and the company discloses potential conflicts of interest with officer Caihong Chen's role at another SPAC (Wintergreen Acquisition Corp.).
What changed vs 2025-03-05trust $58.6M → $62.1M +6%deadline 2026-03-31 → 2026-09-13trust account, combination deadline, going-concern doubt +32 moved · 4 with no prior record of ours
- Trust account
- $58.6M$62.1M
- Combination deadline
- 2026-03-312026-09-13
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
- Mandate language
- we intend to focus our search for an initial business combin…not matched in this filing
- Redeemable shares
- 5.75Mnot matched in this filing
SpacBrain reads this as $3,454,602 was added to the trust between the two filings.
The clause “80 Marketable securities held in Trust Account 61,035,590 - Total current assets 62,060,299 1,337,485 Non-current assets Marketable securities held in Trust Account - 58,605,697 Total non-current assets - 58,605,697 TOTAL ASSETS $”…
SpacBrain reads this as 166 days later than the previous record.
The clause …“there can be no assurance that the Company will be able to consummate any business combination by September 13, 2026. No adjustments have been made to the carrying amounts and classification of assets or liabilities should the”…
The clause …“accounting firm s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a going concern. 16 We may engage in a business combination with one or more target businesses that have”…
The clause …“up to an aggregate of $500,000 to cover expenses related to the IPO. We have borrowed $375,000 under the promissory note with our sponsor for our IPO. Shortly after completion of the IPO, such amount was fully repaid. The Promissory”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Confidential draft registration statement on Form S-4 (preliminary proxy statement/prospectus) for the proposed business combination between Future Vision II Acquisition Corp. (FVN) and MicroTouch Technology Inc. Initial confidential filing of the S-4 providing full details of the merger agreement, valuation ($90 million for MicroTouch), pro forma financials, redemption procedures, extension mechanics, sponsor compensation (founder shares at $0.017/share), risk factors, and target business description. The filing also discloses the prior terminated deal with VIWO Technology. Trust value per share is approximately $10.51 as of September 30, 2025 (implicit from $60.45M trust ÷ 5.75M shares). Redemption deadline is two business days before the extraordinary general meeting. No fairness opinion was obtained. Why it matters: Investors now have complete disclosure on redemption timeline, trust value, extension terms, sponsor conflicts (no fairness opinion, significant promote), CFIUS risk due to non-U.S. sponsor, customer concentration (top 4 customers = 67% of revenue), and Nasdaq listing risk if redemptions exceed thresholds. The filing informs investor decisions on whether to redeem or hold through the merger.
What changed: 8-K announcing a new merger agreement with MicroTouch Technology INC, replacing the prior terminated deal with VIWO Technology Inc. Future Vision II Acquisition Corp. (FVN) entered into a Merger Agreement on January 16, 2026, to acquire MicroTouch Technology INC at a $90M enterprise value. Consideration is FVN shares, with the per-share price capped at $10.05. The SPAC trust had at least $55.95M as of the agreement date. Closing conditions include FVN having at least $5,000,001 of net tangible assets post-closing and shareholder approvals. The outside closing date is December 31, 2026. All MicroTouch shareholders entered a Transaction Support Agreement to vote in favor. FVN will change its name to MicroTouch Inc. The deal is intended as a tax-free reorganization under Section 368(a). Why it matters: This is a new business combination target after the prior deal with VIWO Technology Inc. was terminated. The trust value per share is $10.97, but the consideration cap of $10.05 per share will affect the number of shares issued to MicroTouch shareholders. The net tangible asset condition of $5,000,001 provides a floor. Investors should evaluate MicroTouch's business (a holding company with Hong Kong and BVI subsidiaries) and the terms; financial statements are not yet provided but will be in a future S-4 filing.
What changed: Form 8-K Current Report and accompanying Exhibit 10.1 Termination Notice. The Merger Agreement dated November 28, 2024 (as amended by Amendment No. 1 dated December 10, 2024) between Future Vision II Acquisition Corp., its wholly owned Merger Subsidiary Corp., and VIWO Technology Inc. was formally terminated effective December 29, 2025. The termination was executed pursuant to Section 11.1(b) because the agreed-upon Outside Closing Date of November 28, 2025 passed without the business combination being consummated. Pursuant to Section 11.3, the agreement is now void and of no further effect without liability or obligation to any party, except for surviving provisions specified in Article XIII and Section 11.3, and subject to any rights regarding willful breaches committed prior to termination. Why it matters: This termination irrevocably cancels the approved merger, meaning Future Vision II will no longer consolidate VIWO Technology Inc.'s operations or cash flows. Because the outside closing date lapsed without a documented extension or waiver, the SPAC's path now leads toward liquidation and shareholder redemption before the stated September 13, 2026 deadline rather than a completed de-SPAC transaction. The termination notice, delivered by VIWO Technology Inc. and countersigned by Future Vision II CEO Danhua Xu, explicitly confirms that no breach of representation, warranty, covenant, or agreement by the target caused the failure to close. The filing discloses no customer lists, revenue figures, market size estimates, technology roadmaps, partnership expansions, or pending litigation. The entity remains classified under SIC code 7373, and the registered ordinary shares retain their stated par value of $0.0001 per share on NASDAQ.
What changed: Quarterly report (Form 10-Q) for the period ended September 30, 2025. Trust account balance increased to $60,451,218 ($10.51 per share) from $58,605,697 at year-end; net income of $1,563,409 for nine months; operating expenses $306,953; cash outside trust $1,108,123; working capital $944,040; substantial doubt about going concern; merger with VIWO still pending; no extension exercised; no new working capital loans. Why it matters: Trust per share has grown above IPO price of $10.00, increasing redemption value; the SPAC continues to burn cash, and the going concern note highlights risk if deal fails; the merger with VIWO remains the key catalyst; no extensions consumed yet, but deadline is 18 months from IPO (March 2026), leaving limited time.
What changed vs 2025-08-08trust $59.8M → $60.5M +1%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $59.8M$60.5M
- Combination deadline
- 2026-03-31 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
SpacBrain reads this as $618,724 was added to the trust between the two filings.
The clause …“current assets 1,146,373 1,337,485 Non-current assets Marketable securities held in Trust Account 60,451,218 58,605,697 Total non-current assets 60,451,218 58,605,697 TOTAL ASSETS $ 61,597,591 $ 59,943,182 Liabilities, Ordinary Shares”…
The clause …“directors or their affiliates. In addition, if we are unable to complete a Business Combination by March 31, 2026 (or up to September 30, 2026 if extended) ( Combination Period ), our board of directors would proceed to commence a”…
The clause …“of these financial statements. In connection with the Company s assessment of going concern considerations in accordance with Financial Accounting Standards Board s Accounting Standards Codification Subtopic 205-40, Presentation of”…
The clause …“from January 30, 2024 (inception) through September 30, 2024, the Company had borrowed $ 375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion of the IPO, such amount was fully repaid. 16 FUTURE VISION”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Routine compliance exhibit containing two Limited Powers of Attorney (Exhibit A and Exhibit B) attached to a Schedule 13G/A filing. The document reports no changes to FVN’s redemption deadline, trust value, extension status, business combination progress, or sponsor conduct. It contains no operative terms altering shareholder rights, trust distributions, or deal timelines. Why it matters: Because the filing is purely procedural, it does not shift investor positioning ahead of the stated expiration window. However, according to Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC, Deputy President & Corporate Executive Hidekatsu Take and Chief Legal Officer Adam Hopkins have formally delegated to Takahiro Katsura, Managing Director, Head of Global Branches & Subsidiaries Coordination Office, Global Corporate Function Coordination Department, full authority to complete, execute, and timely file Forms 13G and their amendments under Sections 13(d) and 13(g) of the Exchange Act. The authorization remains effective until these entities are no longer required to file 13Gs regarding their securities holdings, unless revoked earlier in writing. Executions are dated 8-13-2025, with subsidiary principal offices listed at 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan, and 1271 Avenue of the Americas, NY, NY 10020, USA.
What changed: Amendment to Schedule 13G reporting beneficial ownership of equity securities. The filing is designated as a 13G/A amendment dated 2025-08-12 submitted by TD SECURITIES (USA) LLC, Toronto Dominion Holdings (USA) Inc., TD Group US Holdings LLC, and Toronto Dominion Bank. The excerpt contains no updated share quantities, transaction prices, ownership percentages, or references to the $10.97 trust per share, the 2026-09-13 deadline, any proposed extensions, merger execution milestones, or sponsor conduct. Why it matters: While the text supplies no quantified positions or attributed statements, a 13G/A amendment from major banking entities tracking a deal-approved SPAC indicates active institutional monitoring of capital allocation ahead of the September 2026 maturity window. For redemption calendar tracking, such filings serve as forward-looking indicators of whether large blocks intend to hold, sell into redemptions, or adjust portfolios post-merger, though the current excerpt stops at holder identification and lacks the numerical disclosures required to confirm mechanical shifts in shareholder liquidity or post-merger voting weight.
What changed: Quarterly report on Form 10-Q for Future Vision II Acquisition Corp. for the period ended June 30, 2025. No changes to deal status, deadline, or trust value per share. Trust account grew to $59,832,494 from $58,605,697 due to interest income of $1,226,797. Accretion of redemption value increased to $4,409,321. Shareholders' equity decreased from $7,694,207 to $4,291,086 due to accretion charges. Working capital stood at $1,005,555. Management again discloses substantial doubt about going concern, with an initial deadline of March 13, 2026, to close the business combination (with possible extensions to September 13, 2026). Why it matters: This filing confirms the pending business combination with VIWO Technology Inc. and provides a financial snapshot showing the trust is accumulating interest, but the SPAC is burning cash. The going concern disclosure and the large accretion charge (which reduces book value per share) are the most important items for shareholders evaluating whether to redeem or hold for the deSPAC. No new developments on the merger terms were reported.
What changed vs 2025-05-14trust $59.2M → $59.8M +1%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $59.2M$59.8M
- Combination deadline
- 2026-03-31 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
- Redeemable shares
- 5.75Mnot matched in this filing
SpacBrain reads this as $614,436 was added to the trust between the two filings.
The clause …“current assets 1,177,221 1,337,485 Non-current assets Marketable securities held in Trust Account 59,832,494 58,605,697 Total non-current assets 59,832,494 58,605,697 TOTAL ASSETS $ 61,009,715 $ 59,943,182 Liabilities, Ordinary Shares”…
The clause …“directors or their affiliates. In addition, if we are unable to complete a Business Combination by March 31, 2026 (or up to September 30, 2026 if extended) (“Combination Period”), our board of directors would proceed to commence a”…
The clause …“of these financial statements. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standards Board’s Accounting Standards “Codification Subtopic 205-40, Presentation of”…
The clause …“from January 30, 2024 (inception) through June 30, 2024, the Company had borrowed $ 375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion of the IPO, such amount was fully repaid. 16 FUTURE VISION”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Schedule 13G, a U.S. Securities and Exchange Commission beneficial ownership report filed to disclose passive investment positions exceeding five percent of a registered equity class. The filing text identifies five reporting parties—WOLVERINE ASSET MANAGEMENT LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick—as the beneficial owners underlying the filing. With respect to FVN’s operational and timeline mechanics, the document contains zero language addressing the trust account, per-share trust value, public shareholder redemption procedures, merger approval conditions, sponsor governance amendments, or extension voting windows. The only numerical data appearing in the text are the SEC accession number 0001140361-25-026604 and the filing date 2025-07-21. Why it matters: As a routine passive compliance exhibit, this 13G does not alter redemption calendars, trust distribution mechanics, deal progression, or sponsor conduct. Its sole substantive function is establishing a regulatory baseline for the Wolverine family of funds and associated persons regarding their aggregate stake. For investors tracking capital structure or transaction timing, the filing carries no immediate mechanical weight. However, it matters because sustained passive accumulation near reporting thresholds often precedes strategic reassessments; if any named party crosses or crosses below the five-percent boundary, amends the filing, or shifts from Schedule 13G to Schedule 13D, that event would directly impact proxy visibility, potential redemption pressure, or activist engagement. Absent such a pivot, public shareholder rights and deal timelines remain contractually undisturbed.
What changed: Amendment No. 1 to Form S-4 registration statement filed by Future Vision II Acquisition Corp. (FVN) to register securities in connection with its proposed business combination with VIWO Technology Inc. This is the first amendment to the S-4 registration statement. It updates the preliminary proxy statement/prospectus with revised financial statements for both Future Vision and VIWO through March 31, 2025 (unaudited for FVN; unaudited condensed consolidated for VIWO). New disclosures include: (1) the lock-up agreement for VIWO shareholders' consideration shares, providing a performance-based release mechanism over 2-3 years; (2) a risk factor that VIWO has not completed the CSRC filing procedures and that this is a condition to closing; (3) a new note that VIWO has engaged prospective investors committed to purchase between $5 million and $10 million of issued shares upon closing to mitigate high redemption rates; (4) the statement that New VIWO does not intend to hold annual shareholder meetings or director elections post-business combination; and (5) a 'controlled company' risk factor has been updated. The filing revises pro forma balance sheets and statements of operations to incorporate interim periods through March 31, 2025, and updates the redemption price reference from $10.00 to $10.05 per share. Why it matters: This S-4/A is the definitive registration document for the merger vote. It provides shareholders with the critical information needed to decide on the business combination and whether to redeem their shares. Key items for FVN investors: (a) the estimated per-share redemption price is $10.05 (net of taxes), based on March 31, 2025 trust value of $59.2 million; (b) the trust has $59.2 million as of March 31, 2025, and the SPAC has $1.14 million in working capital; (c) the deal values VIWO at $100 million, and VIWO shareholders will receive 9,950,250 shares, owning 54.89% of the combined company (assuming no redemptions); (d) the sponsor owns 23.01% of FVN shares and has agreed to vote in favor, but a maximum of 5,750,000 public shares can be redeemed; (e) the closing condition requires FVN to have at least $5,000,001 in net tangible assets after redemptions — if redemptions exceed ~98.4% (approx. 5,658,000 shares), the deal cannot close unless VIWO secures a $5-$10 million backstop equity commitment; (f) VIWO's CSRC filing is still under review and its completion is a closing condition; (g) the SEC declared the S-4 effective on May 30, 2025, meaning the shareholder meeting can be scheduled; (h) the deadline to consummate a business combination is March 13, 2026, with possible six one-month extensions using sponsor loans of $191,475 each. Sponsor compensation is detailed, including 1,766,400 post-combination shares and $66,333 in accrued service fees. The document also provides audited financials for FVN (through Dec 31, 2024) and VIWO (through Sept 30, 2024, with unaudited updates through March 31, 2025).
What changed: Form 10-Q quarterly report filed by Future Vision II Acquisition Corp. with unaudited interim financial statements for the quarter ended March 31, 2025. No new business combination terms or redemption dates were introduced. The filing reiterates the existing VIWO Technology Inc. Merger Agreement dated November 28, 2024, and Amendment No. 1 dated December 10, 2024 requiring a lock-up on the 9,950,250 Consideration Shares. It reports Trust Account marketable securities of $59,218,058 at March 31, 2025, redeemable ordinary shares of 5,750,000 carrying a redemption value of $53,238,240, cash of $1,142,445, net income of $454,300 for Q1 2025 driven by $612,361 of trust income, and $166,900 of operating expenses. It also confirms the initial business combination deadline of March 13, 2026, extendable to September 13, 2026, and states management has substantial doubt about the company's ability to continue as a going concern if a business combination is not completed. Why it matters: For investors tracking Future Vision II's redemption calendar and deal progress, this filing confirms the trust remains funded and earning income, no extension has been exercised, and the company continues to carry substantial going-concern risk. It also confirms the existing VIWO deal structure is unchanged and that ordinary shares subject to redemption remain at 5,750,000, with accretion to redemption value of $1,100,598 in Q1 2025. The filing provides no indication of a near-term closing or shareholder meeting.
What changed vs 2024-10-18trust $57.9M → $59.2M +2%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $57.9M$59.2M
- Combination deadline
- 2026-03-31 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
- Redeemable shares
- 5.75M · unchanged
SpacBrain reads this as $1,282,779 was added to the trust between the two filings.
The clause …“current assets 1,209,424 1,337,485 Non-current assets Marketable securities held in Trust Account 59,218,058 58,605,697 Total non-current assets 59,218,058 58,605,697 TOTAL ASSETS $ 60,427,482 $ 59,943,182 Liabilities, Ordinary Shares”…
The clause …“directors or their affiliates. In addition, if we are unable to complete a business combination by March 31, 2026 (or up to September 30, 2026 if extended) ( Combination Period ), our board of directors would proceed to commence a”…
The clause “014-15, Disclosures of Uncertainties about an Entity s Ability to Continue as a Going Concern, management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises”…
The clause …“from January 30, 2024 (inception) through March 31, 2024, the Company had borrowed $ 375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion of the IPO, such amount was fully repaid. Working Capital”…
The clause …“there were 7,544,000 ordinary shares issued and outstanding, including 5,750,000 ordinary shares subject to possible redemption, which are classified as temporary equity, and 1,794,000 ordinary shares. 1,794,000 ordinary shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G/A beneficial ownership report submitted as a routine compliance exhibit. Per Mizuho Financial Group, Inc.'s May 13, 2025 filing, the update records current institutional holdings without modifying the September 13, 2026 business combination deadline, the $10.97 per share trust account valuation, or any sponsor conduct. Why it matters: As documented by Mizuho Financial Group, Inc., the filing functions as a standard regulatory disclosure tracking ownership percentages; it contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, meaning it provides no new information on deal progress, redemption volume, or trust value preservation beyond confirming continued holder status.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.