Future Vision II Acquisition Corp. Announces Pricing of $50,000,000 Initial Public Offering
September 11 2024 - 5:15PM
Future Vision II Acquisition Corp. (NASDAQ: FVNNU, the “Company”)
announced today that it priced its initial public offering of
5,000,000 units at $10.00 per unit. The units are expected to be
listed on the Nasdaq Capital Market (“NASDAQ”) and trade under the
ticker symbol “FVNNU” beginning on September 12, 2024. Each unit
consists of one ordinary share and one right to receive one-tenth
(1/10th) of one ordinary share upon consummation of an initial
business combination. Once the securities comprising the units
begin separate trading, the ordinary shares and rights are expected
to be listed on NASDAQ under the symbols “FVN” and “FVNNR,”
respectively.
The Company is a blank check company whose
business purpose is to effect a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. While we will
not be limited to a particular industry in our identification and
acquisition of a target company, we intend to focus our search on
businesses within the technology, media, and telecommunications
sector. The Company is led by Mr. Xiaodong Wang, its Chief
Executive Officer and Chairman, and Ms. Caihong Chen, its Chief
Financial Officer and Director. The Company’s independent directors
include Messrs. Zheng “Terrence” Wu, Shuding Zeng and Lei
Xiong.
Kingswood Capital Partners, LLC is acting as
sole book-running manager in the offering. The underwriter has been
granted a 45-day option to purchase up to an additional 750,000
units offered by the Company to cover over-allotments, if any. The
offering is expected to close on September 13, 2024, subject to
customary closing conditions.
Rimon P.C. served as legal counsel to the
Company on the initial public offering, and Ogier served as Cayman
Islands legal counsel to the Company. Greenberg
Traurig, LLP served as legal counsel to Kingswood Capital Partners,
LLC.
A registration statement on Form S-1 (File No.
333-280356) relating to these securities has been filed with the
Securities and Exchange Commission (“SEC”), and was declared
effective on September 11, 2024. The offering is being made only by
means of a prospectus. Copies of the prospectus may be obtained,
when available, from Kingswood Capital Partners, LLC, 126 East 56th
Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080
or emailing Syndicate@kingswoodUS.com. Copies of the registration
statement can also be obtained by visiting EDGAR on the SEC’s
website at www.sec.gov. The information in the prospectus and this
press release is not complete and may be changed. The prospectus
and this press release are not offers to sell these securities and
are not soliciting an offer to buy these securities in any state
where such offer or sale is not permitted.
About Future Vision II Acquisition Corp
Future Vision II Acquisition Corp is a newly
incorporated blank check company incorporated as a Cayman Islands
exempted company for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities. While the Company may pursue a target in any industry,
section or geography, it intends to focus the search for a target
business in the technology, media, and telecommunications field,
including but not limited to companies with advanced and highly
differentiated solutions for the technology, media, and
telecommunications industry such as intelligent chips, 5G,
integrated circuitry and other digital transformations.
Forward-Looking Statements
This press release may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described in the
prospectus and the Company’s other filings with the SEC. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
Source:Future Vision II Acquisition Corp.Ms.
Caihong ChenChief Financial Officer and Director201 Xin Jinqiao
Road, Rm 302Pudong New DistrictShanghai, ChinaEmail:
caih_chen@outlook.com