Future Vision II Acquisition, a blank check company targeting the TMT industry in the Greater China region, raised $50 million by offering 5 million units at $10. Each unit contains one share of common stock and the right to receive one-tenth of a share.
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 plans to list on the Nasdaq under the symbol FVNNU. Kingswood Capital Markets acted as sole bookrunner on the deal.
