Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 519

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1
Chunk 519
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In
this Report, references to the “Company” and to “we,” “us” and “our” refer to FutureTech
II Acquisition Corp.

Formation.

We
are a blank check company incorporated in Delaware on August 19, 2021. The Company was formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,
which we refer to throughout this annual report as our initial business combination (the “Business Combination”).

Although
there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective
targets in the U.S. in the disruptive technology sector, for example, artificial intelligence, or AI, robotic process automation, or
Robotics, biomedical life science, and any other related technology innovations market. We shall not undertake our initial business combination
with any entity with its principal business operations in China (including Hong Kong and Macau). While we may pursue an acquisition opportunity
in any business industry or sector, we intend to capitalize on our management team’s differentiated ability to source, acquire
and manage a business in the technology industry.

Initial
Public Offering.

The
Company’s sponsor is FutureTech Partners II LLC, a Delaware limited liability company (the “Sponsor”). On February
18, 2022, we consummated our Initial Public Offering of 11,500,000 units (the “Units” and, with respect to the Class A common
stock included in the Units being offered, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $115,000,000
(the “Initial Public Offering”), including proceeds from the full exercise of the underwriters’ option to purchase
additional Units.

Simultaneously
with the consummation of the closing of the Initial Public Offering, we consummated the private placement of an aggregate of 520,075
units (the “Placement Units”) to the Sponsor at a price of $10.00 per Placement Unit, generating total gross proceeds of
$5,200,750 (the “Private Placement”). The Placement Units were issued pursuant to Section 4(a)(2) of the Securities Act of
1933, as amended, as the transactions did not involve a public offering.

A
total of $117,300,000, comprised of the proceeds from the Offering and the proceeds of private placements that closed on February 18,
2022,