Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 370

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 8
Chunk 370
---
deemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss)
    per share of common stock Numerator: Interest 
    $1,342,491  
    $-  
    $4,953,545  
    $- 
  
    Less: Allocation of expenses 
     (876,517) 
     (1,212,927) 
     (1,481,866) 
     (560,177)
  
    Less: Accretion of carrying
    value to redemption value 
     -  
     -  
     (1,500,215) 

    Total 
    $465,974  
    $(1,212,927) 
    $(1,971,465) 
    $(560,177)
  
    Basic and diluted net income (loss) per share
    of common stock 
    $0.18  
    $(0.35) 
    $0.21  
    $(0.16)

Fair
Value of Financial Instruments

The
fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction
between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs
used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets
or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

●
Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. This is the level
that the Interest-Bearing Bank Demand Deposit Account Held in Trust Account are considered (being $26,447,350 and $61,839,164 as of December
31, 2024 and December 31, 2023, respectively);

●
Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active;
and

●
Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions,
such as valuations derived from valuation techniques in which one or more significant