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

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 10
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of financial position, results of operations, or cash flows.

In
the opinion of the Company’s management, the unaudited condensed financial statements as of March 31, 2025 and for the three
months ended March 31, 2025 and 2024 include all adjustments, which are only of a normal and recurring nature, necessary for a fair
statement of the financial position of the Company as of March 31, 2025 and its results of operations and cash flows for the three
months ended March 31, 2025 and 2024. The accompanying condensed unaudited financial statements should be read in conjunction with
the Company’s audited financial statements filed and notes thereto for the year endend December 31, 2024, included in the
Company’s Form 10-K as filed with the SEC on April 9, 2025. The results of operations for the three months ended March 31,
2025 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2025 or any future
interim period.

Emerging Growth Company

The Company is an “emerging
growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012
(the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the
independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations
regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding
advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1)
of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class
of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS
Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
growth companies but any such election to