Future Vision II Acquisition Corp
For the period ended Sep 30, 2024. Filed Oct 18, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 18, 2024
FVN$14.04+17.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of September 30, 2024 (unaudited)
FUTURE VISION II ACQUISITION CORP.
CONDENSED BALANCE SHEET
| ASSETS | |
|---|---|
| Current assets | |
| Cash | $1,464,303 |
| Prepaid expenses | 9,769 |
| Total current assets | 1,474,072 |
| Non-current assets | |
| Marketable securities held in Trust Account | 57,935,279 |
| Total non-current assets | 57,935,279 |
| TOTAL ASSETS | $59,409,351 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity | |
| Current liabilities | |
| Accounts payable and accrued expenses | $75,000 |
| Due to related parties | 5,667 |
| Total current liabilities | 80,667 |
| Total Liabilities | 80,667 |
| Commitments and contingencies (Note 7) | - |
| Ordinary shares subject to possible redemption, 5,750,000 shares | 52,654,348 |
| Shareholders’ Equity: | |
| Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 1,794,000 shares issued and outstanding (excluding 5,750,000 shares subject to redemption) | 179 |
| Additional paid-in capital | 6,536,979 |
| Retained earnings | 137,178 |
| Total Shareholders’ Equity | 6,674,336 |
| TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ EQUITY | $59,409,351 |
CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended September 30, 2024 | For the Period From January 30, 2024 (Inception) Through September 30, 2024 | |
|---|---|---|
| Formation and operating costs | $918 | $5,646 |
| Administrative fee | 5,667 | 5,667 |
| Total operating expenses | 6,585 | 11,313 |
| Loss from Operations | (6,585) | (11,313) |
| Other income: | ||
| Interest income | 712 | 712 |
| Income earned on marketable securities held in Trust Account | 147,779 | 147,779 |
| Total other income | 148,491 | 148,491 |
| Net Income | $141,906 | $137,178 |
| Basic and diluted weighted average ordinary shares outstanding, redeemable ordinary shares | 1,074,176 | 400,615 |
| Basic and diluted net income per ordinary share, redeemable ordinary shares | $0.14 | $0.40 |
| Basic and diluted weighted average ordinary shares outstanding, non-redeemable ordinary shares | 1,351,626 | 1,287,902 |
| Basic and diluted net loss per ordinary share, non-redeemable ordinary shares | $(0.01) | $(0.02) |
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
| Ordinary Shares · Additional Paid-in · (Accumulated Deficit)/ Retained · Total Shareholder’s | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | earnings | Equity | |
| Balance as of January 30, 2024 (inception) · - · $ · - · $ · - · $ · - · $ · - | |||||
| Founder shares issued to Sponsor(1) | 1,437,500 | 144 | 24,856 | - | 25,000 |
| Net loss | - | - | - | (2,091) | (2,091) |
| Balance as of March 31, 2024 | 1,437,500 | $144 | $24,856 | $(2,091) | $22,909 |
| Net loss | - | - | - | (2,637) | (2,637) |
| Balance as of June 30, 2024 | 1,437,500 | $144 | $24,856 | $(4,728) | $20,272 |
| Proceeds allocated to Public Rights | - | - | 5,010,612 | - | 5,010,612 |
| Sale of private placement shares | 299,000 | 30 | 2,989,970 | - | 2,990,000 |
| Issuance of representative shares | 57,500 | 5 | 522,014 | - | 522,019 |
| Underwriters’ discount | - | - | (1,384,519) | - | (1,384,519) |
| Other offering expenses | - | - | (460,994) | - | (460,994) |
| Accretion of ordinary share subject to redemption value | - | - | (164,960) | - | (164,960) |
| Net income | - | - | - | 141,906 | 141,906 |
| Balance as of September 30, 2024 | 1,794,000 | $179 | $6,536,979 | $137,178 | $6,674,336 |
CONDENSED STATEMENTS OF CASH FLOWS
Currency expressed in United States dollars (“US$)
| For the Period From January 30, 2024 (Inception) Through | |
|---|---|
| Cash Flows from Operating Activities: | |
| Net income | $137,178 |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Income earned on marketable securities held in Trust Account | (147,779) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (9,769) |
| Due to related parties | 5,667 |
| Net Cash Used in Operating Activities | (14,703) |
| Cash Flows from Investing Activities: | |
| Purchase of marketable securities held in Trust Account | (57,787,500) |
| Net Cash Used in Investing Activities | (57,787,500) |
| Cash Flows from Financing Activities: | |
| Proceeds from issuance of ordinary shares to Sponsor | 25,000 |
| Proceeds from issuance of promissory note to related party | 375,000 |
| Repayment of promissory note to related party | (375,000) |
| Proceeds from sale of public units through public offerings, net of underwriters’ discount | 56,637,500 |
| Proceeds from ordinary shares issued in private placement | 2,990,000 |
| Payment of offering costs | (385,994) |
| Net Cash Provided by Financing Activities | 59,266,506 |
| Net Change in Cash | 1,464,303 |
| Cash, Beginning of Period | - |
| Cash, End of Period | $1,464,303 |
| Supplemental Disclosure of Non-cash Investing and Financing Activities: | |
| Offering costs included in accrued offering costs | 75,000 |
| Representative shares issued and charged to offering costs | 522,019 |
| Accretion of ordinary shares subject to redemption value | 164,960 |
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