Future Vision II Acquisition Corp. 8-K

What Happened

• Future Vision II Acquisition Corp. filed an 8-K on March 11, 2026 disclosing that on March 9, 2026 it issued an unsecured promissory note for $191,475 to its sponsor, HWei Super Speed Co. Ltd., to fund the company’s trust account and effectuate a one-month extension of the SPAC business-combination deadline.
• The Board approved extending the Business Combination Deadline from March 13, 2026 to April 13, 2026. The company continues to pursue its previously announced merger with MicroTouch Technology Inc. under the January 16, 2026 Merger Agreement, but there is no assurance the deal will close by April 13.

Key Details

• Principal amount: $191,475; Note issued March 9, 2026 to sponsor HWei Super Speed Co. Ltd.
• No interest and matures upon closing of an initial business combination; if no business combination occurs, the Note will be forgiven and the sponsor has waived any right to trust-account distributions with respect to the Note.
• Sponsor may convert any unpaid principal into units at $10.00 per unit (identical to sponsor placement units) upon consummation of a business combination; those units are subject to transfer restrictions and have registration rights.
• Extension approved under the company’s Amended and Restated Memorandum and Articles of Association: new deadline April 13, 2026.

Why It Matters

• The sponsor-funded note provides short-term cash to keep the trust funded while seeking more time to close a deal; if the merger closes, the note converts or is repaid at closing, and if no deal occurs the sponsor absorbs the cost (the note is forgiven).
• Potential investor impacts include modest dilution risk if the sponsor converts the note into units at $10 each, and continued uncertainty on timing given the new one-month deadline to complete the MicroTouch transaction.
• Retail investors should watch the April 13, 2026 deadline and any updates on the MicroTouch merger or further financing/extensions.