New York, May 30, 2026, 17:03 EDT
- Future Vision II ordinary shares ended at $10.85, up a penny, with 14,416 shares traded. Nasdaq was shut Saturday after the week was cut short for Memorial Day.
- The SPAC now has a deadline of June 13 to close its initial deal after getting another one-month extension.
- Nasdaq in a separate notice is giving the company until June 22 to file a plan on how it will get back in line with its minimum public-holder rule.
Future Vision II Acquisition Corp. closed the shortened U.S. trading week little moved, with shares holding around $10.85. The Nasdaq-listed SPAC kept to the sidelines as investors eyed a pair of deadlines in June.
Future Vision II shares are steady, but that has little to do with earnings or sales. The SPAC is just a shell, with investors watching to see if it can get the MicroTouch Technology deal done and stay listed on Nasdaq.
Nasdaq trading was closed Saturday in New York. The exchange runs its usual session on weekdays between 9:30 a.m. and 4 p.m. Eastern. The market was also shut for Memorial Day on Monday, May 25, trimming the week to four trading days.
Future Vision II ordinary shares (FVN) last changed hands at $10.85, putting the company’s market value at $81.85 million, market data showed. The stock ticked up a penny from the prior close, or less than 0.1%.
Pre-deal SPACs often look like this. Future Vision II hasn’t brought in any operating revenue so far and told investors in its latest quarterly filing that it’s focused on getting organized, IPO steps, and searching for a deal. For the first quarter, it reported net income of $418,756, nearly all of that coming from $535,511 in trust account income from marketable securities—not operations.
Future Vision II held $61.8 million in marketable securities in its trust account as of March 31. The trust is the pool set aside after a SPAC’s offering and is usually tapped for a merger or share redemptions. The SPAC also listed $873,737 in cash outside that trust.
The board cleared a deadline extension to wrap up an initial business combination, moving it from May 13 out to June 13 this month. To cover the deposit for the extension, sponsor HWei Super Speed Co. Ltd. put up an unsecured promissory note for $191,475. The IOU carries no interest.
Future Vision II is working to close its earlier announced merger with MicroTouch Technology INC. The merger agreement signed in January has MicroTouch set to become a wholly owned unit of Future Vision II. The deal puts MicroTouch’s enterprise value at $90 million, so the price is based on the full company instead of the current public share price.
The company submitted a Form S-4 registration statement for its business combination on May 11. The filing is among documents used for merger-related securities registration and shareholder materials.
Listing risk has become just as critical as the merger timing now. Future Vision II got word from Nasdaq on May 5 that it no longer met the minimum number of public holders needed to stay listed on the Nasdaq Capital Market. The notice doesn’t immediately impact trading. The company has 45 calendar days, or until June 22, to send in a plan to fix the problem.
This week has less the feel of a typical earnings stretch and more of a filing watch, with traders scanning for news on the MicroTouch process, the June 13 business-combination deadline, and any response from the company to the Nasdaq holder deficiency.
Risks for Future Vision II are clear. If the MicroTouch deal gets delayed, if too many investors pull out cash, or if Nasdaq says no to the compliance plan, the SPAC could see trading dry up and have a harder path to closing the merger. Future Vision II has said missing a business combination by Sept. 13 would force it to liquidate, raising real doubt about its ability to stay in business.
