Future Vision II Acquisition Corp. Announces Entering into Merger Agreement with Viwo Technology Inc.
Future Vision II Acquisition Corporation - Units (FVNNU)
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Future Vision II Acquisition Corp., (NASDAQ: FVNNU) a publicly traded special purpose acquisition company (the “Future Vision”) and Viwo Technology Inc., a Cayman Islands exempted company operating its business via wholly owned entities in China (“Viwo”), today announced that, on November 28, 2024, they have entered into a definitive merger agreement. A newly created merger subsidiary of Future Vision will be merged with and into Viwo, with Viwo being the surviving entity and becoming a wholly owned subsidiary of Future Vision (the “Business Combination”). Upon closing of the transaction, Future Vision will change its name to “Viwo Inc.” The Business Combination provide for a valuation of Viwo and its subsidiaries and businesses of $100,000,000.00. Valued at $10.05 per share equaling the initial per share redemption price to be paid to Future Vision’s shareholder exercising their right of redemption pursuant to Future Vision’s Memorandum
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