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

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 25
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 the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from January 18, 2025 to February 18, 2025. On February 18, 2025, the Company caused to be deposited $37,744
into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from February 18, 2025 to March 18, 2025. On March 18, 2025, the Company caused to be deposited $37,744
into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from March 18, 2025 to April 18, 2025. On April 18, 2025, the Company caused to be deposited $45,244 (consisting of $38,994 for the Extension Loan
for the period from April 18, 2025 to May 18, 2025 and $6,250 of additional amount for previous five (5) extension periods taking into
account reversed redemptions after the Third Extension of the Combination Period on November 18, 2024) into the Company’s Trust
account, allowing the Company to extend the period of time it has to consummate its initial Business Combination from April 18, 2025 to
May 18, 2025. On May 20, 2025, the Company caused to be deposited $38,994 into the Company’s Trust account, allowing
the Company to extend the period of time it has to consummate its initial Business Combination from May 18, 2025 to June 18, 2025.

     F-16 

Note 5 - Related Party Transactions (Continued)

As of March 31, 2025 and December
31, 2024, there was $3,537,744 and $3,537,744 outstanding under the Extension Loans, respectively.

As of March 31, 2025, there
was approximately $3,537,744 outstanding under the Extension Loans from the Sponsor. Each Extension Loan was made in the form of non-interest-bearing
promissory note. If the Company completes its initial Business Combination, the Company will convert all of the total loan amount into
shares of Class A Common Stock pursuant to the Merger Agreement. If the Company