Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 562

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1
Chunk 562
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 section of the Company’s balance sheets. The decrease of $52,146,059 during the
year ended December 31, 2024 in the Class A common stock subject to possible redemption is due to a redemption of $36,281,990 and a redemption
amount payable of $17,744,312 offset by accretion to the redemption value of $1,518,400 and amounts due from Sponsor of $361,843 during
the year ended December 31, 2024.

As
of December 31, 2024 and December 31, 2023, the shares of common stock subject to possible redemption reflected on the balance sheets are
reconciled in the following table.

    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 
     1,518,400 
  
    Redemption amount payable 
     (17,744,312)
  
    Due from Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 

Net
Income (Loss) Per Share

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata
between the two classes of shares. The calculation of diluted loss per share of common stock does not consider the effect of the warrants
issued in connection with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants are contingently
exercisable, and the contingencies have not yet been met. As a result, diluted income (loss) per share is the same as basic income (loss)
per share for the periods presented.

The
following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per