Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 236

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 11
Chunk 236
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 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
December 31, 2024, the Company had cash of $56,768 and working capital deficit of $5,026,967.

At
December 31, 2023, the Company had cash of $17,578 and working capital deficit of $3,661,439.

    F-9

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 measures to conserve liquidity,
which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and
reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all.

In
accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures
of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company has evaluated that there are certain