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Future Vision II Acquisition Corp.
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Source
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 |
Schedule of fair value on a recurring basis | |||||||
Description | Level | September 30, 2024 | |||||
(Unaudited) | |||||||
Assets: | |||||||
Marketable securities held in Trust Account | 1 | $ | 57,935,279 |
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) |
For the Period From January 30, 2024 (Inception) Through | ||||
September 30, 2024 | ||||
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 |
Schedule of Basic and Diluted Net Loss Per Share | ||||||||||||||||
For the Three Months Ended | For the Period From January 30, 2024 (Inception) Through | |||||||||||||||
September 30, 2024 | September 30, 2024 | |||||||||||||||
Redeemable Ordinary Share | Non-Redeemable Ordinary Share | Redeemable Ordinary Share | Non-Redeemable Ordinary Share | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Numerators: | ||||||||||||||||
Allocation of net loss | $ | (10,209) | $ | (12,845) | $ | (6,592) | $ | (21,190) | ||||||||
Accretion of initial measurement of ordinary shares subject to redemption value | 164,960 | - | 164,960 | - | ||||||||||||
Allocation of net income (loss) | $ | 154,751 | $ | (12,845) | $ | 158,368 | $ | (21,190) | ||||||||
Denominators: | ||||||||||||||||
Weighted-average ordinary shares outstanding | 1,074,176 | 1,351,626 | 400,615 | 1,287,902 | ||||||||||||
Basic and diluted net income (loss) per share | $ | 0.14 | $ | (0.01) | $ | 0.40 | $ | (0.02) |