Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 5

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 5
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 and Support Agreement (the
“Sponsor Support Agreement”). The Sponsor Support Agreement provides that the Sponsor agrees (i) to vote in favor of the
proposed transactions contemplated by the Merger Agreement, (ii) to appear at the purchaser special meeting for purposes of
constituting a quorum, (iii) to vote against any proposals that would materially impede the proposed transactions contemplated by
the Merger Agreement, (iv) to not redeem any shares of the Company’s Common Stock held by it that may be redeemed, and (v) to
waive any adjustment to the conversion ratio set forth in the Company’s amended and restated certificate of incorporation (as
amended from time to time, the “Charter”) with respect to shares of the Class B Common Stock of the Company held by the
Sponsor, in each case, on the terms and subject to the conditions set forth in the Sponsor Support Agreement.

On September 20, 2024, the
Company filed a Form 8-K with the SEC to report the Merger Agreement and other legal agreements relating to the Longevity Business Combination.

On February 14, 2025, the
Company filed with the SEC an initial Form S-4 (Registration/Proxy Statement) regarding the Longevity Business Combination. The Company’s
S-4 can be accessed on the EDGAR section of the SEC’s website at www.sec.gov.

Liquidity and Management’s Plans

At March 31, 2025, the Company
had cash of $130,580 and working capital deficit of $5,290,544.

At December 31, 2024, the
Company had cash of $56,768 and working capital deficit of $5,026,967.

     F-7 

Note 1 – Description of Organization
and Business Operations, Going Concern and Basis of Presentation (Continued)

Based on the foregoing, unless
the Company can raise additional capital, including continuing funding from the Sponsor, the management believes that the Company will
not have sufficient working capital and borrowing capacity to meet its needs through the consummation of the Business Combination. If
the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include,
but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses.
The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if