Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 92

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 2
Chunk 92
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 2024, the shares of common stock subject to possible redemption reflected on the unaudited and audited
condensed balance sheets  are reconciled in the following table.

    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 
  
    Remeasurement of carrying value to redemption value 
     227,396 
  
    Reversal of estimated redemption amount 
     343,638 
  
    Ending Balance as of March 31, 2025 
     9,651,778 
  
    Remeasurement of carrying value to redemption value 
     131,321 
  
    Ending Balance as of June 30, 2025 
    $9,783,099 

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 share amounts):

    Three Months Ended  
    Three Months Ended 

    June 30, 2025  
    June 30, 2024 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $