0001829126-26-001993
SEC filingFuture Vision II Acquisition Corp. reported net income of $2.1 million for fiscal year 2025, driven primarily by $2.4 million in income earned on marketable securities held in its Trust Account. This represents a significant increase from the $640,343 net income reported for the period from inception (January 30, 2024) through December 31, 2024. The company incurred operating expenses of $391K, resulting in a loss from operations of -$391K, offset by total other income of $2.5M. As of December 31, 2025, the company held $62.1M in total assets, including $61.0M in marketable securities in the Trust Account, with cash of $1.0M and working capital of $866,709. The company has entered into a merger agreement with MicroTouch Technology INC, valuing the target at $90 million, and must complete a business combination by September 13, 2026, to avoid mandatory liquidation.
Future Vision II Acquisition Corp. reported net income of $2,070,450 for the fiscal year ended December 31, 2025, a substantial increase from the $640,343 net income for the period from inception (January 30, 2024) through December 31, 2024. This performance was primarily driven by $2,429,893 in income earned on marketable securities held in the Trust Account, along with $31,606 in interest income. Operating expenses totaled $391,049, consisting of $269,000 in formation and operating costs and $122,000 in administrative fees, resulting in a loss from operations of -$391,049. The company has generated no operating revenues to date and does not expect to generate operating revenues until consummation of a business combination.
The company has not generated any operating revenues since inception. All income to date has been non-operating, derived from interest income on cash and cash equivalents and income earned on marketable securities held in the Trust Account. For FY 2025, total other income was $2.5 million, comprising $2.4 million from Trust Account securities and $32,000 in interest income. The company completed its Initial Public Offering on September 13, 2024, generating gross proceeds of $50 million from the sale of 5,000,000 units at $10.00 per unit, with an additional $7.5 million from the exercise of the over-allotment option.
With no operating revenues, traditional margin analysis is not applicable. The company's profitability for FY 2025 was entirely driven by investment income from the Trust Account, which offset operating expenses. Operating expenses of $391,049 represented the company's cost structure for organizational activities and public company compliance. The company expects to incur increased expenses as a public company for legal, financial reporting, accounting, auditing compliance, and due diligence expenses in connection with completing a business combination.
Cash used in operating activities was $307,796 for FY 2025. The company had cash of $1,024,709 and working capital of $866,709 as of December 31, 2025. Total assets were $62.1 million, including $61.0 million in marketable securities held in the Trust Account (restricted for use in a business combination or share redemption). Total liabilities were $158,000, with no long-term debt, capital lease obligations, or operating lease obligations. The company has a deferred underwriting commission obligation of $575,000 payable upon consummation of a business combination.
The company has entered into a merger agreement with MicroTouch Technology INC, valuing the target at $90 million, with the proposed business combination expected to close subject to customary conditions. The company must complete an initial business combination by September 13, 2026 (18 months from IPO closing, with possible extensions up to 24 months), or face mandatory liquidation and dissolution. Management has determined that this mandatory liquidation requirement raises substantial doubt about the company's ability to continue as a going concern. The company intends to use substantially all net proceeds from the IPO, including Trust Account funds, to acquire a target business and pay related expenses.