Future Vision II Acquisition Corp. Extends SPAC Deal Deadline to Oct 13, 2026

What Happened

• Future Vision II Acquisition Corp. filed an 8‑K on Sept 14, 2026 reporting that its Board approved a one‑month extension of the deadline to consummate an initial business combination, moving the deadline from Sept 13, 2026 to Oct 13, 2026.
• To fund the extension, the Company’s sponsor, Hwei Super Speed Co., Ltd., advanced funds into the Company’s trust account. On Sept 10, 2026 the Company issued an unsecured, non‑interest bearing promissory note for $65,000 to the Sponsor. The note matures upon the closing of the initial business combination and will be forgiven if no combination occurs; at the Sponsor’s option the unpaid principal may be converted into Company units at $10.00 per unit upon closing.
• The Company said it is continuing to pursue its previously announced merger with MicroTouch Technology Inc. (Merger Agreement dated Jan 16, 2026). The filing also notes that redemption payments tied to the August 2026 extension were wired on Aug 27, 2026 at $11.03 per redeemed share.

Key Details

• Extension approved: new Business Combination Deadline = October 13, 2026 (previously Sept 13, 2026).
• Promissory Note: $65,000 principal, unsecured, non‑interest bearing, issued Sept 10, 2026 to Hwei Super Speed Co., Ltd.; forgiven if no business combination; convertible to units at $10.00/unit at Sponsor’s option upon closing.
• Extension redemption payout: investors who validly redeemed in Aug 2026 were paid $11.03 per share (funds wired Aug 27, 2026).
• Rights clarification: the Company reiterated that its publicly traded Rights do not convert into Ordinary Shares before a closing, carry no voting or redemption rights pre‑closing, and cannot be used to “locate” or satisfy short‑sale delivery requirements under Regulation SHO.

Why It Matters

• The extension gives the SPAC one additional month to close the announced merger with MicroTouch, preserving the deal pathway while the Sponsor temporarily funded trust shortfalls.
• The $65,000 sponsor loan is small but material to enable the extension; conversion of that note into units at $10/unit could introduce a modest amount of new units if exercised at closing.
• Investors should note the Company’s explicit warning about Rights: they are not a source of deliverable shares pre‑closing and should not be treated as acceptable locates for short sales.
• There is no assurance the business combination will close by Oct 13, 2026; if it does not, the note is forgiven and the extension effort ends.