Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 511

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 511
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 subject to the occurrence of uncertain future events. Accordingly, at September 30, 2024 and December 31, 2023, the Class A common stock subject to possible redemption in the amount of $ 26,606,595and $ 61,226,803, respectively, is presented as temporary equity, outside of the stockholders’ equity section of the Company’s unaudited condensed balance sheets. The decrease of $ 34,620,208during the nine months ended September 30, 2024 in the Class A common stock subject to possible redemption is due to a redemption of $ 36,281,990offset by accretion to the redemption value of $ 1,299,939and amounts due from Sponsor of $ 361,843during the nine months ended September 30, 2024.

As of September 30, 2024 and December 31, 2023, the shares of common stock reflected on the unaudited condensed balance sheets are reconciled in the following table.

Schedule of Common Stock Reflected on Balance Sheet Reconciled

| Ending Balance as of December 31, 2022              |     | $ | 118,466,326 |   |
| Redemption of Class A common stock                  |     |   | (64,238,888 | ) |
| Remeasurement of carrying value to redemption value |     |   |   6,552,136 |   |
| Due from Sponsor                                    |     |   |     447,229 |   |
| 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 |     |   |     615,511 |   |
| Due from Sponsor                                    |     |   |     361,843 |   |
| Ending Balance as of March 31, 2024                 |     |   |  25,922,167 |   |
| Remeasurement of carrying value to redemption value |     |   |     340,437 |   |
| Ending Balance as of June 30, 2024                  |     |   |  26,262,604 |   |
| Remeasurement of carrying value to redemption value |     |   |     343,991 |   |
| Ending Balance as