Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 482

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 482
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 agreements relating to the
Longevity Business Combination.

On
February 14, 2025, the Company filed with the SEC an initial Form S-4 (Registration/Proxy Statement) regarding the Longevity Business
Combination. The Company’s S-4 can be accessed on the EDGAR section of the SEC’s website at www.sec.gov.

Liquidity
and Management’s Plans

At
December 31, 2024, the Company had cash of $56,768 and working capital deficit of $5,026,967.

At
December 31, 2023, the Company had cash of $17,578 and working capital deficit of $3,661,439.

    F-9

Note
1 – Description of Organization and Business Operations, Going Concern and Basis of Presentation (Continued)

Based
on the foregoing, unless the Company can raise additional capital, including continuing funding from the Sponsor, the management believes
that the Company will not have sufficient working capital and borrowing capacity to meet its needs through the consummation of the Business
Combination. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity,
which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and
reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all.

In
accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures
of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company has evaluated that there are certain
conditions and events, considered in the aggregate, that raise doubt about the Company’s ability to continue as a going concern
through until August 18, 2025 , the date that the Company is required to cease all operations, except for the purpose of winding up,
if a Business Combination is not consummated by such date. It is uncertain that the Company will be able to consummate an initial Business
Combination by this time. If an initial Business Combination is not consummated by this date, there will be a mandatory liquidation and
subsequent dissolution of the Company. These factors, among others, raise substantial doubt about the Company’s ability to continue
as a going concern. The financial statements do not include any adjustments that might result from the Company’s inability
to