Future Vision II Acquisition Corp. Extends SPAC Deadline; Sponsor Loaned $191,475

What Happened

• Future Vision II Acquisition Corp. announced the Board approved an extension of its deadline to complete an initial business combination from August 13, 2026 to September 13, 2026. The Company is continuing to pursue its previously announced merger with MicroTouch Technology Inc. (Merger Agreement dated January 16, 2026) and will hold an extraordinary general meeting (EGM) to seek shareholder approval for a further extension.
• On August 13, 2026 the Company issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd., to fund the Company’s trust account to effectuate the one-month extension.

Key Details

• Promissory note: $191,475 principal, unsecured, no interest, issued August 13, 2026; matures upon closing of the initial business combination.
• Forgiveness and conversion: If no business combination is consummated the note will be forgiven and the sponsor waives any claim on trust-account distributions related to the note. Prior to payment in full, the sponsor may convert unpaid principal into Company units at $10.00 per unit upon consummation of a business combination.
• Corporate actions: Board approved extension to Sept 13, 2026; Company to hold an EGM to vote on any further extension (see Proxy Statement filed Aug 7, 2026).
• Rights clarification: Ten Rights convert into one Ordinary Share only upon closing of a business combination; Rights are not convertible pre-closing, carry no voting or redemption rights at the EGM, and cannot be used to satisfy short-sale “locate” or delivery requirements for Ordinary Shares.

Why It Matters

• The extension and sponsor cash advance keep the SPAC active longer to complete the proposed merger with MicroTouch; this delays a return of funds to public shareholders and preserves the possibility of the combination.
• The sponsor’s note is structured so public trust funds remain protected (sponsor waives claims tied to the note) but contains a conversion feature that could dilute post‑closing holders if exercised. The Rights clarification is important for traders and brokers: Rights do not provide deliverable Ordinary Shares pre-closing and cannot be used for short-sale locates.