Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 5

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 5
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 related to the Transactions. The Voting Stockholder holds sufficient
shares of Longevity to cause the approval of the Transactions on behalf of Longevity.

In
connection with the execution of the Merger Agreement, the Company, Longevity and the Sponsor have entered into a Voting 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
June 30, 2025, the Company had cash of $160,723 and working capital deficit of $5,484,501. 

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