Future Vision II Acquisition, a blank check company targeting the TMT industry in the Greater China region, filed on Thursday with the SEC to raise up to $50 million in an initial public offering.
The Shanghai, China-based company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the proposed deal size, Future Vision II Acquisition would command a market value of $65 million.
Future Vision II Acquisition is led by CEO and Chairman Xiaodong Wang, who currently serves as the General Manager of Beijing Shangshanyihe Investment Management. The SPAC plans to target businesses in the TMT industry with operations or prospective operations in the Greater China region, focusing on those with advanced and highly differentiated industry solutions such as intelligent chips, 5G, integrated circuitry, and other emerging technologies.
Future Vision II Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol FVNNU. The company filed confidentially on March 29, 2024. EF Hutton is the sole bookrunner on the deal.
