Company: FTII
Filing Date: 2025-01-21
Form Type: 10-Q/A
Source: 0001493152-25-003104
Chunk: 6

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-21
Form: 10-Q/A
Chunk 6
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               |          - |   |
| Advance to Sponsor                                                            |     |               |           - |   |     |               |   (440,100 | ) |
| Proceeds from issuance of debt – related party                                |     |               |     375,000 |   |     |               |  2,771,485 |   |
| Net cash (used in) provided by financing activities                           |     |               | (35,548,932 | ) |     |               |  2,331,385 |   |
| Net change in cash                                                            |     |               |     (17,102 | ) |     |               |   (213,978 | ) |
| Cash – Beginning of the period                                                |     |               |      17,578 |   |     |               |    262,756 |   |
| Cash – End of the period                                                      |     | $             |         476 |   |     | $             |     48,778 |   |
| Supplemental disclosure of non-cash financing activities:                     |     |               |             |   |     |               |            |   |
| Accretion to redemption value                                                 |     | $             |     955,947 |   |     | $             |  3,255,238 |   |
| Excise tax on Class A common stock redemptions                                |     | $             |     362,820 |   |     | $             |          - |   |
| Overpayment of redemption amount included in Due from Sponsor                 |     | $             |     361,843 |   |     | $             |          - |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed financial statements.</div>

| F-4 |

<div align='center'>FUTURETECH II ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(UNAUDITED)</div>

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,