Future Vision II Acquisition Closes IPO

Future Vision II Acquisition (FVNNU) closed its initial public offering of 5.75 million units, including 750,000 units for the underwriter's full exercise of an overallotment option.

Priced at $10 per unit, the offering resulted in gross proceeds of $57.5 million, the blank-check company said.

The units started trading Thursday on the Nasdaq under the ticker FVNNU.

Each unit comprises one ordinary share and a right to receive a 10th of a share upon completion of an initial business combination, Future Vision said.