Future Vision II Acquisition Corp. 8-K

What Happened

• Future Vision II Acquisition Corp. filed an 8‑K disclosing that on May 8, 2026 it issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd., to fund an extension of the company’s business combination deadline.
• The Board approved extending the Business Combination Deadline from May 13, 2026 to June 13, 2026. The Company continues to pursue its announced merger with MicroTouch Technology Inc. under the Merger Agreement dated January 16, 2026, but there is no assurance the transaction will close by June 13, 2026.

Key Details

• Promissory Note principal: $191,475; issued May 8, 2026; unsecured and non‑interest bearing.
• Maturity/forgiveness: Note matures upon closing of an initial business combination; if no business combination occurs, the Note will be forgiven and the Sponsor will have no right to payment.
• Conversion: At the Sponsor’s option before full payment, unpaid principal may be converted into units at $10.00 per unit upon consummation of a business combination; those units match the placement units issued to the Sponsor at IPO.
• Trust and transfer rights: Sponsor waived any claim to distributions from the Trust Account with respect to the Note; units issuable on conversion generally are not transferable until the business combination and have registration rights.

Why It Matters

• The extension gives the SPAC one more month (to June 13, 2026) to complete a business combination, providing a short runway extension for the MicroTouch transaction.
• The sponsor’s cash advance is small ($191k) and non‑interest bearing, and it can be forgiven if no deal occurs—meaning public trust account funds remain protected.
• If converted, the note could add sponsor units at $10/unit, which could dilute public shareholders; converted units are subject to transfer restrictions until closing but will have registration rights.
• Investors should note the company’s continued pursuit of the announced merger but also that there is no guarantee the deal will close by the new deadline.