Future Vision II Acquisition (NASDAQ:FVNNU) Shares Down 0.8% – Here’s Why

Future Vision II Acquisition Corp. (NASDAQ:FVNNU)’s stock price was down 0.8% during mid-day trading on Friday . The stock traded as low as $10.70 and last traded at $10.70. Approximately 100 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,356 shares. The stock had previously closed at $10.79.

Future Vision II Acquisition Trading Down 0.8%

The company has a 50-day moving average price of $11.58 and a two-hundred day moving average price of $10.90.

About Future Vision II Acquisition

Future Vision II Acquisition Corp is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and pursue mergers, capital stock exchanges, asset acquisitions or other business combinations. The company’s units trade on the Nasdaq under the ticker FVNNU, with each unit consisting of one share of common stock and a fraction of a warrant. Upon completion of its IPO, proceeds from the offering were placed in a trust account, pending approval by shareholders for a proposed business combination.

As a blank check entity, Future Vision II does not conduct any commercial operations of its own.