Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 49

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
 – related party 
     525,000  
     3,316,485 
  
    Net cash used in financing activities 
     (35,319,532) 
     (61,487,502)

    Net change in cash 
     (15,695) 
     (257,260)

    Cash – Beginning of the period 
     17,578  
     262,756 
  
    Cash – End of the period 
    $1,883  
    $5,496 

    Supplemental disclosure of non-cash financing activities: 

    Accretion to redemption value 
    $1,299,939  
    $5,345,720 
  
    Excise tax on Class A common stock redemptions 
    $362,820  
    $- 
  
    Capital contribution from Sponsor 
    $-  
    $8,733 
  
    Due from Sponsor 
    $-  
    $447,229 
  
    Overpayment of redemption amount included in Due from Sponsor 
    $361,843  
    $- 

The
accompanying notes are an integral part of these unaudited condensed financial statements.

F-4

FUTURETECH
II ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

(UNAUDITED)

Note
1 - Description of Organization and Business Operations, Going Concern and Basis of Presentation

FutureTech
II Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on August 19, 2021. The Company was
formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging
growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As
of September 30, 2024, the Company had not commenced any operations. All activity for the period from April 13, 2021 (inception) through
September 30, 2024 relates to organizational activities, identifying a target company for a business combination, and
activities in connection with the proposed Business Combination with Longevity. The Company will not generate any operating revenues
until after the completion of its initial Business Combination, at the earliest. The Company