Monitor for any announcement regarding the MicroTouch Technology Inc. merger before the October 13, 2026 deadline. If no deal is announced, expect further extension requests or potential liquidation. The Rights clarification may reduce short-selling pressure on the Ordinary Shares.
Price Chart
Executive Summary
Future Vision II Acquisition Corp. issued a $65,000 unsecured promissory note to its sponsor to fund a one-month extension of its business combination deadline from September 13, 2026 to October 13, 2026, as it continues pursuing its merger with MicroTouch Technology Inc. The company also clarified that its publicly traded Rights cannot be used to satisfy short sale locate requirements for its Ordinary Shares, addressing potential market confusion. The filing is routine for a SPAC nearing its deadline and signals no material change in deal prospects.
Key Financial Metrics
Key Facts
- Issued $65,000 unsecured promissory note to sponsor Hwei Super Speed Co. Ltd. to extend business combination deadline by one month to October 13, 2026.
- Promissory note is non-interest bearing, matures upon business combination, and is forgiven if no deal closes.
- Sponsor may convert unpaid principal into units at $10.00 per unit upon consummation of a business combination.
- Board approved extension of Business Combination Deadline from September 13, 2026 to October 13, 2026.
- Company is continuing to pursue its previously announced business combination with MicroTouch Technology Inc. per Merger Agreement dated January 16, 2026.
- August 2026 extension redemption: public shareholders who tendered shares were paid $11.03 per share.
- Company clarified that Rights cannot be converted into Ordinary Shares before business combination closes and cannot be used as a locate for short sales under Regulation SHO.
- Rights have no voting rights, no redemption rights, and no liquidating value.
Financial Impact
$65,000 extension loan to trust account; redemption rate of $11.03 per share for August 2026 extension event
Risk Factors
- Failure to consummate a business combination by October 13, 2026 could lead to liquidation and loss of value for shareholders.
- Potential dilution if the sponsor converts the promissory note into units at $10.00 per unit upon a business combination.
- Continued redemptions could deplete the trust account, making a deal more difficult to finance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-010068 |
| Document: futurevision2_ex10-1.htm | 0001829126-26-010068 |
| Document: 0001829126-26-010068-index-headers.html | 0001829126-26-010068 |
| Document: 0001829126-26-010068-index.html | 0001829126-26-010068 |
| Document: 0001829126-26-010068.txt | 0001829126-26-010068 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $9.50 | awaiting T+60 | — | $11.75 (+23.68%) |
Sep 14, 2026 6w ago | 8-K | $10.25 | awaiting T+60 | — | $11.75 (+14.63%) |
Aug 18, 2026 9w ago | DEFA14A / 8-K | $11.90 | awaiting T+60 | — | $11.75 (−1.26%) |
Aug 17, 2026 10w ago | 8-K | $11.70 | awaiting T+60 | — | $11.75 (+0.43%) |
Jul 13, 2026 15w ago | 8-K | $11.00 $9.29 | ▼ −15.55% | ▼ −19.54% | $11.75 (+6.82%) |
Jun 12, 2026 19w ago | 8-K | $10.88 $9.71 | ▲ +10.75% | ▲ +14.02% | $11.75 (−8.00%) |
Mar 11, 2026 32w ago | 8-K | $10.70 $10.85 | ▲ +1.37% | ▼ −9.32% | $11.75 (+9.78%) |
US Market Status
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