Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 891

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 891
---
800,000)
  
    Cash in transit to the trust 
     125,000  
     (125,000)
  
    Cash withdrawn from Trust 
     37,509,794  
     64,746,521 
  
    Net
    cash provided by investing activities 
     36,859,305  
     61,821,521 

    Cash flows from Financing
    Activities: 

    Capital contribution from
    Sponsor 
     437,456  
     1,013,297 
  
    Cash paid for redemptions 
     (36,281,990) 
     (64,238,887)
  
    Due from Related party 
     (75,000) 
     - 
  
    Proceeds
    from issuance of debt – related party 
     1,025,001  
     2,925,000 
  
    Net
    cash used in financing activities 
     (34,894,533) 
     (60,300,590)

    Net change in cash 
     39,190  
     (245,178)

    Cash – Beginning of the period 
     17,578  
     262,756 
  
    Cash – End of
    the period 
    $59,768  
    $17,578 

    Supplemental disclosure of non-cash financing
    activities: 

    Accretion to redemption value 
    $1,518,400  
    $6,552,136 
  
    Excise tax on Class A common stock redemptions 
    $527,698  
    $642,389 
  
    Overpayment of redemption amount included in
    Due from Sponsor 
    $361,843  
    $- 
  
    Redemption payment payable 
    $17,744,312  
    $- 
  
    Conversion of Class B common stock 
    $288  
    $- 

The
accompanying notes are an integral part of these financial statements.

F-6

FUTURETECH
II ACQUISITION CORP.

NOTES
TO FINANCIAL STATEMENTS

Note
1 - Description of Organization and Business Operations, Going Concern and Basis of Presentation

FutureTech
II Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on August 19, 2021. The Company was