Future Vision II Acquisition issues $191,475 promissory note to sponsor HWei Super Speed for extension funding - FVN News | RalliesFuture Vision II Acquisition issues $191,475 promissory note to sponsor HWei Super Speed for extension funding
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FVN• Promissory note issued for extension funding
- Future Vision II Acquisition issued an unsecured promissory note for $191,475 to sponsor HWei Super Speed to fund a trust deposit for an extension.
- The note is non-interest-bearing and matures at the closing of the initial business combination.
- If no business combination closes, the note is forgiven, with the sponsor waiving any claim on trust account distributions.
- The sponsor can convert unpaid principal into units at $10 per unit upon consummation of a business combination.
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