Core Viewpoint - Future Vision II Acquisition Corp. and Viwo Technology Inc. have entered into Amendment No. 1 to the Merger Agreement, which includes a lock-up agreement for pre-Business Combination Viwo shareholders to align their interests with the long-term growth of the combined entity, Viwo Inc. [1][2][8] Lock-Up Agreement Summary - The lock-up agreement requires shareholders to lock their shares for either two or three years based on Viwo Inc.'s performance milestones [4][5][6] - For a two-year lock-up, shares can be released if Viwo Inc. achieves a gross revenue growth of 20% by the end of the first fiscal year and 30% by the end of the second fiscal year, or a compounded growth rate of 24.96% year over year [5] - If the two-year growth targets are not met, the shares will be locked for an additional third year [5] - For a three-year lock-up, shares can be released if Viwo Inc. achieves a gross revenue growth of 126.2% by the end of the third fiscal year, or 45% revenue growth from the second year, assuming the first two years meet the compounded growth rate of 24.96% [6] - Shareholders may also forfeit 10% of their shares after the third fiscal year to release the lock-up [7] Company Overview - Viwo Technology Inc. is an innovation-driven technology company specializing in AI and "Martech" services, focusing on driving business growth and enhancing corporate value for its customers [8] - The company aims to assist various industries in achieving digital upgrades and transformations, emphasizing continuous technological innovation [8] - Future Vision II Acquisition Corp. is a blank check company incorporated to effect a merger or similar business combination, with a focus on technology, media, and telecommunications sectors [9][10]
Future Vision II Acquisition Corp. Announces Entering into Amendment No. 1 to Merger Agreement with Viwo Technology Inc.