Future Vision II Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FVNNU”, Friday, September 12, 2024.
The new SPAC intends to focus its search on businesses within the technology, media, and telecommunications sector.
Future Vision II’s sponsor team is to be led by Mr. Xiaodong Wang, its Chief Executive Officer and Chairman, and Ms. Caihong Chen, its Chief Financial Officer and Director. The Company’s independent directors include Messrs. Zheng “Terrence” Wu, Shuding Zeng and Lei Xiong.
Total SPAC deal count for 2024 year-to-date is now 32. This offering is expected to close on Friday, September 13, 2024.
Kingswood Capital Partners, LLC is acting as sole book-running manager in the offering. Rimon P.C. served as legal counsel to the Company on the initial public offering, and Ogier served as Cayman Islands legal counsel to the Company. Greenberg Traurig, LLP served as legal counsel to Kingswood Capital Partners, LLC. ZH CPA, LLC serves as auditor. Wilmington Trust, National Association is acting as trustee.
At the SPAC of Dawn It has clearly taken some time for SPACs to break out from their niche, but SPACs and de-SPACs are suddenly everywhere in current events. As the Russian invasion of Ukraine drags on, one of the most prolific SPAC teams has stepped forward with a letter of intent to take Ukraine’s...
Live Oak Acquisition Corp. V (NASDAQ:LOKVU) has filed for a $200 million IPO that brings another serial SPAC team back to the mix for a generalist search but with a pair of technology deals already in their pocket. The new S-1 also puts Santander on the board for the 2025 SPAC market after it made...
CH4 Natural Solutions (NYSE:MTNE.U) has filed for a $250 million SPAC to bring both the Riverstone sponsor team and underwriter Citigroup back to the market for 2025. The team secured notably sponsor-friendly terms for the vehicle and will not overfund its trust. In fact, along with fellow Friday filer Live Oak V (NASDAQ:LOKVU), these two...
At the SPAC of Dawn Amid a restive market, SPACs have front-loaded their business this week with three of their four votes set for today and tomorrow. One of these is a completion vote, in which Bowen (NASDAQ:BOWN) will try and secure shareholder approval for its combination with Shenzhen Qianzhi BioTechnology just after having gained...
Terms Tracker for the Week Ending January 10, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This was the first full week in January and the first non-holiday week since December 23rd. All the same, 2025 has started with a bang...