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.