Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 322

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 322
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 Date, in order to maintain compliance
with Nasdaq listing criteria. However, there can be no assurance that, if the Company can maintain its compliance with Nasdaq’s
listing standards or will not receive any additional notice from Nasdaq for deficiencies.

Results of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to September 30, 2024 were
organizational activities, those necessary to prepare for the Initial Public Offering (“Initial Public Offering”), conducting
the Initial Public Offering and identifying a target company for a business combination. The Company will not generate any operating revenues
until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the
form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering We incur expenses as a
result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For
the three months ended September 30, 2024, we had net loss of $123,127, which consisted of investment income of $287,584, partially offset
by expenses of $367,118 and tax expense of $43,593. Investment income was higher in 2023 compared to 2024 due to higher trust assets in
2023. Expenses were higher in 2024 compared to 2023 due to due diligence costs related to a potential business combination transaction.

For
the three months September 30, 2023, we had net income of $661,226, which consisted of investment income of $1,232,507, partially offset
by expenses of $329,255 and tax expense of $242,027. Investment income was higher in 2023 compared to 2022 due to the increase in interest
rates. Expenses were higher in 2023 compared to 2022 due to due diligence costs related to a potential business combination transaction.

For
the nine months September 30, 2024, we had net loss of $38,005, which consisted of investment income of $1,107,012, partially offset by
expenses of $962,945 and tax expense of $182,072. Investment income was higher in 2023 compared to 2022 due to the increase in interest
rates. Expenses were higher in 2023 compared to 2022 due to due diligence costs related to a potential business combination transaction.

For
the nine