Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 842

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 842
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 business combination with one or more businesses (the “Business
Combination”). We are an emerging growth company and, as such, we are subject to all of the risks associated with emerging growth
companies. We intend to effectuate our Business Combination using cash from the proceeds of the Initial Public Offering and the sale
of the Private Warrants, our capital stock, debt or a combination of cash, stock and debt.

We
expect to continue to incur significant costs in the pursuit of our initial Business Combination. We cannot assure you that our plans
to raise capital or to complete our initial Business Combination will be successful.

Extension
of Combination Period and Extension Loans

As
approved by our stockholders at the special meeting of stockholders held on August 17, 2023 (the “First Extension Meeting”),
we entered into an amendment to the Investment Management Trust Agreement, dated as of February 18, 2022 (the “Trust Agreement”),
with Continental Stock Transfer & Trust Company (“Continental”), on August 17, 2023 (the “Trust Amendment”).
The Trust Amendment extended the initial date on which Continental must commence liquidation of the Trust Account to up to February 18,
2024, or such earlier date as determined by our board of directors (the “Board”), unless the closing of our initial business
combination shall have occurred, provided that FutureTech II Partners LLC (the “Sponsor”) (or its affiliates or permitted
designees) will deposit into a trust account established for the benefit of our public stockholders (the “Trust Account”)
the lesser of: (i) $125,000 and (ii) an aggregate amount equal to $0.04 multiplied by the number of our public shares that are not redeemed
for each such one-month extension unless the closing of our initial business combination shall have occurred, in exchange for a non-interest
bearing, unsecured promissory note payable upon consummation of a business combination.

As
approved by its stockholders at the First Extension Meeting, we filed an amendment to our Charter with the Delaware Secretary of State
on August 17, 2023 (the “First Charter Amendment”), to extend the date by which we have to consummate a business combination
for an additional six months, from August 18, 2023 (the “Termination Date”) to up to February 18, 2024, by electing to extend
the date to consummate an initial business combination on a monthly basis for up to