Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 82

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 82
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 operating activities.

For the three months ended
March 31, 2024, cash used in operating activities was $282,082. The net income of $129,577 was affected by interest earned on investments
held in the Trust account of $536,343, and changes in operating assets and liabilities provided $124,684 of cash for operating activities.

For the three months ended
March 31, 2025, cash provided by investing activities was $17,626,596 due to cash withdrawn from the Trust Account of $17,739,829, partially
offset by cash deposited into the Trust Account of $113,233.

For the three months ended
March 31, 2024, cash provided by investing activities was $36,273,240 due to cash withdrawn from the Trust Account of $36,498,240 and
cash that was in transit to the Trust Account as of December 31, 2023, partially offset by cash deposited into the Trust Account of $350,000
and $125,000 cash in transit to the trust.

For the three months ended
March 31, 2025, cash used in financing activities was $17,099,629 due to $17,400,674 in cash paid for redemptions, partially offset by
proceeds from issuance of debt – related party of $301,045.

For the three months ended
March 31, 2024, cash used in financing activities was $36,008,323 due to $36,281,990 in cash paid for redemptions, partially offset by
$48,667 in capital contributions from the Sponsor and $225,000 in proceeds from Sponsor note.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets
or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2025. We do not participate in transactions that
create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would
have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing
arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial
assets.

Contractual Obligations

We do not have any
long-term debt, capital lease obligations, operating lease obligations or long-term liabilities. Pursuant to the Underwriting
Agreement in relation to