Viwo Technology Inc. Amends Merger with Future Vision

Deal News | Dec 11, 2024 | EIN

Viwo Technology Inc. Amends Merger with Future Vision

Future Vision II Acquisition Corp., a special purpose acquisition company, has entered into an amendment of its merger agreement with Viwo Technology Inc., a technology company based in the Cayman Islands with operations in China. The amendment introduces a lock-up agreement requiring shareholders to retain their shares for two to three years, contingent on Viwo achieving specific financial performance milestones. The goal is to align shareholder interests with the long-term aims of Viwo, fostering sustainable growth. This agreement, detailed in the amended merger contract, integrates a performance-based release mechanism for shareholders, offering an additional option to forfeit a portion of shares if financial targets are unmet. Viwo specializes in AI, Martech, and digital transformation services, whereas Future Vision aims to focus its acquisitions in the technology and telecommunications sector.

Sectors

  • Technology
  • Financial Services
  • Media & Telecommunications

Geography

  • Cayman Islands – Viwo Technology Inc. is a Cayman Islands exempted company, indicating its jurisdiction and corporate structure.
  • China – Viwo operates its business through subsidiaries in China, centering the operational focus geographically.
  • United States – Future Vision II Acquisition Corp., listed on NASDAQ, aligns with U.S. regulatory and market focus.

Industry

  • Technology – Both companies are deeply entrenched in technological services and innovations, including software and AI, making it a core aspect of this merger.
  • Financial Services – Future Vision II Acquisition Corp. operates within the financial sector as a special purpose acquisition company, focusing on mergers and acquisitions.
  • Media & Telecommunications – Future Vision focuses its search on businesses within this sector, indicating strategic importance in their acquisition targets.

Financials

  • 20% – Revenue growth target for Viwo to unlock shares after two years.
  • 126.2% – Revenue growth target for Viwo to unlock shares after three years.

Participants

NameRoleTypeDescription
Viwo Technology Inc.Target CompanyCompanyA tech company specializing in AI and Martech services, committed to driving business growth and transformation for its clients.
Future Vision II Acquisition Corp.Bidding Company (Buyer)CompanyA blank check company focused on merging with entities in the technology, media, and telecommunications sectors.
Fidel WangExecutivePersonAn executive at Viwo Technology Inc., providing insights on the benefits of the lock-up agreement.