HWei Super Speed Co. Ltd Files SC 13D on Future Vision II

Ticker: FVNNR · Form: SC 13D · Filed: Sep 25, 2024 · CIK: 2010653

Sentiment: neutral

Topics: ownership-filing, schedule-13d, acquisition-corp

TL;DR

HWei Super Speed Co. Ltd just dropped a 13D on Future Vision II Acquisition Corp. - watch this space!

AI Summary

On September 25, 2024, HWei Super Speed Co. Ltd filed a Schedule 13D regarding Future Vision II Acquisition Corp. The filing indicates HWei Super Speed Co. Ltd's ownership and intentions concerning the company's ordinary shares.

Why It Matters

This filing signals a significant stake or potential influence by HWei Super Speed Co. Ltd in Future Vision II Acquisition Corp., which could impact the company's strategic direction or future transactions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing potential volatility.

Key Players & Entities

FAQ

What is the primary purpose of this SC 13D filing?

The filing is made by HWei Super Speed Co. Ltd to report beneficial ownership of more than 5% of the ordinary shares of Future Vision II Acquisition Corp.

Who is the subject company of this filing?

The subject company is Future Vision II Acquisition Corp.

Who is the entity filing this Schedule 13D?

HWei Super Speed Co. Ltd is the entity filing this Schedule 13D.

What is the CUSIP number for the securities of Future Vision II Acquisition Corp. mentioned in the filing?

The CUSIP number is G37068106.

When was this Schedule 13D filing submitted to the SEC?

This Schedule 13D filing was submitted on September 25, 2024.

Filing Stats: 1,779 words · 7 min read · ~6 pages · Grade level 12.6 · Accepted 2024-09-25 08:14:54

Key Financial Figures

Filing Documents

Security and Issuer

Item 1. Security and Issuer. Securities acquired: Ordinary share, $0.0001 par value (the “ Ordinary Shares ”). Issuer: Future Vision II Acquisition Corp. Xiandai Tongxin Building 201 Xin Jinqiao Road, Rm 302 Pudong New District Shanghai, China

Identity and Background

Item 2. Identity and Background. (a) This statement is filed by Hwei Super Speed Co., Ltd, a British Virgin Islands company (the “ Reporting Person” ). The Reporting Person is the holder of record of approximately 23.01% of the Issuer’s outstanding Ordinary Shares based on the number of Ordinary Shares outstanding as of September 13, 2024. (b) The principal business address of the Reporting Person is Xiandai Tongxin Building, 201 Xin Jinqiao Road, Rm 302, Pudong New District, Shanghai, China. (c) The Reporting Person is the sponsor of the Issuer and primarily involved in investment. (d) During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities (f) The Reporting Person is a British Virgin Islands company.

Source and Amount of Funds or Other

Item 3. Source and Amount of Funds or Other Consideration. The information set forth in Items 4 and 5 of this Schedule 13D are hereby incorporated by reference into this Item 3. 2 SCHEDULE 13D CUSIP No. G37068106

Purpose of Transaction

Item 4. Purpose of Transaction. On September 13, 2024, Future Vision II Acquisition Corp., a Cayman Islands exempted company (the “Company”), consummated its initial public offering (the “IPO”) of 5,750,000 units (the “Units”), including 750,000 Units issued to the underwriter upon full exercise of their over-allotment option. Each Unit consists of one ordinary share of the Company, par value $0.0001 per share (the “Ordinary Shares”) and one right entitling the holder thereof to receive one-tenth (1/10) of one ordinary share of upon consummation of the Company’s initial business combination (the “Rights”). The Company is a Special Purpose Acquisition Corporation and was established for the purpose of completing one or more business combinations. The Reporting Person is the sponsor of the Company. Also on September 13, 2024, the Reporting Person purchased from the Issuer an aggregate of 299,000 units (the “Placement Units”) at a price of $10.00 per Placement Unit, with working capital of the Reporting Person. The Placement Units are identical to the Units sold in the Offering, except as described in the Company’s registration statement on Form S-1 (File No. 333-280356) (the “Registration Statement”), including in part that the initial purchaser agreed not to transfer, assign or sell any of the Placement Units or underlying securities (except in limited circumstances, as described in the Registration Statement) until 30 days following the completion of the Company’s initial business combination. The initial purchaser was granted certain demand and piggyback registration rights in connection with the purchase of the Placement Units. The Placement Units were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a public offering. Prior to the IPO, on January 31, 2024, the Reporting Person and the Issuer ent

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. The aggregate number and percentage of Ordinary Shares beneficially or directly owned by the Reporting Person is based upon a total of 7,544,000 Ordinary Shares outstanding as of September 13, 2024. (b) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. (c) Other than the disposition of the shares as reported in this Schedule 13D, no actions in the ordinary shares were effected during the past sixty (60) days by the Reporting Person. (d) N/A (e) N/A

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information set forth in Items 4 of this Schedule 13D are hereby incorporated by reference into this Item 6. 4 SCHEDULE 13D CUSIP No. G37068106

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits.

of the Schedule 13D is hereby amended

Item 7 of the Schedule 13D is hereby amended by adding the following to the end of the section: Exhibit No. Description 10.1* Securities Subscription Agreement dated January 31, 2024 between the Issuer and the Sponsor 10.2* Private Placement Units Purchase Agreement dated September 13, 2024, between the Sponsor and the Issuer. * previously filed. 5 SCHEDULE 13D CUSIP No. G37068106

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: September 25, 2024 Hwei Super Speed Co., Ltd. By: /s/ Xiong Lingling Name: Xiong Lingling Title: Director 6

View Full Filing

View this SC 13D filing on SEC EDGAR

View on Read The Filing