Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 60

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 60
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 future events. Accordingly, at June 30, 2025 and December 31, 2024, the Class A common stock
subject to possible redemption in the amount of $9,783,099 and $9,080,744, respectively, is presented as temporary equity, outside of
the stockholders’ deficit section of the Company’s unaudited and audited condensed balance sheets . The increase of
$702,355 during the six months ended June 30, 2025 in the Class A common stock subject to possible redemption is due to accretion to
the redemption value of $358,717 and differences between the estimated third redemption and the actual amount paid of $343,638.

As
of June 30, 2025 and December 31, 2024, the shares of common stock subject to possible redemption reflected on the unaudited and audited
condensed balance sheets  are reconciled in the following table.

    Ending Balance as of December 31, 2023 
    $61,226,803 
  
    Redemption of Class A common stock 
     (36,281,990)
  
    Remeasurement of carrying value to redemption value 
     1,518,400 
  
    Redemption amount payable 
     (17,744,312)
  
    Due from Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 
  
    Remeasurement of carrying value to redemption value 
     227,396 
  
    Reversal of estimated redemption amount 
     343,638 
  
    Ending Balance as of March 31, 2025 
     9,651,778 
  
    Remeasurement of carrying value to redemption value 
     131,321 
  
    Ending Balance as of June 30, 2025 
    $9,783,099 

Net
Income (Loss) Per Share 

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata
between the two classes of shares. The calculation of diluted loss per share of common stock does not consider the effect of the warrants
issued in connection with the (i) Initial Public Offering and (ii) sale of