Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 282

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 14
Chunk 282
---
 Trust Account 
     (1,342,491) 
     (4,809,102)
  
    Gain on forgiveness of
    debt 
     -  
     (144,443)
  
    Changes in operating assets
    and liabilities: 

    Prepaid expenses 
     64,043  
     93,571 
  
    Due from Sponsor 
     -  
     (731,912)
  
    Franchise tax payable 
     34,550  
     (105,636)
  
    Income tax payable 
     (788,498) 
     777,344 
  
    Other assets 
     -  
     77,654 
  
    Accounts
    payable and accrued expenses 
     853,767  
     164,913 
  
    Net
    cash used in operating activities 
     (1,925,582) 
     (1,766,109)

    Cash flows from Investing
    Activities: 

    Investment of cash in Trust Account 
     (775,489) 
     (2,800,000)
  
    Cash in transit to the trust 
     125,000  
     (125,000)
  
    Cash withdrawn from Trust 
     37,509,794  
     64,746,521 
  
    Net
    cash provided by investing activities 
     36,859,305  
     61,821,521 

    Cash flows from Financing
    Activities: 

    Capital contribution from
    Sponsor 
     437,456  
     1,013,297 
  
    Cash paid for redemptions 
     (36,281,990) 
     (64,238,887)
  
    Due from Related party 
     (75,000) 
     - 
  
    Proceeds
    from issuance of debt – related party 
     1,025,001  
     2,925,000 
  
    Net
    cash used in financing activities 
     (34,894,533) 
     (60,300,590)

    Net change in cash 
     39,190  
     (245,178)

    Cash – Beginning of the period 
     17,578  
     262,756 
  
    Cash – End of
    the period 
    $59