Future Vision II Acquisition Corp. 8-K

What Happened

• Future Vision II Acquisition Corp. filed an 8-K reporting that on April 8, 2026 it issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd., to fund a deposit into the company’s trust account and effectuate an extension of the business combination deadline.
• The Board approved extending the Business Combination Deadline from April 13, 2026 to May 13, 2026. The company continues to pursue its previously announced merger with MicroTouch Technology Inc. (Merger Agreement dated January 16, 2026), but stated there is no assurance a deal will close by May 13, 2026.

Key Details

• Note amount: $191,475; issued April 8, 2026; unsecured and non‑interest bearing; matures upon closing of the initial business combination.
• If no business combination occurs, the Note will be forgiven and the Sponsor has waived any right to Trust Account distributions with respect to the Note.
• Sponsor may convert all or part of the unpaid principal into units at $10.00 per unit (identical to the private placement placement units) upon consummation of a business combination.
• Units issuable on conversion are not transferable (with limited exceptions) until completion of the business combination and are entitled to registration rights.

Why It Matters

• The note and Board-approved extension give the SPAC one additional month to close the announced merger with MicroTouch, while preserving the trust account protections (the sponsor waived claims to trust distributions related to the note).
• Conversion terms mean the sponsor can receive company units at $10 per unit upon closing, which is a contractual outcome investors should note if the transaction is completed.
• The extension is short (to May 13, 2026) and the filing explicitly states there is no guarantee a business combination will be consummated by that date.