Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 72

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 2
Chunk 72
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References
to the “Company,” “us,” “our” or “we” refer FutureTech II Acquisition Corp. The following
discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited condensed
financial statements and the notes related thereto contained elsewhere in this report on Form 10-Q. Certain information contained in
the discussion and analysis set forth below includes forward-looking statements. Our actual results may differ materially from those
anticipated in these forward-looking statements as a result of many factors

Overview

We
are a blank check company incorporated in Delaware on August 19, 2021. We were formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business
Combination”). We are an emerging growth company and, as such, we are subject to all of the risks associated with emerging growth
companies. We intend to effectuate our Business Combination using cash from the proceeds of the Initial Public Offering and the sale
of the Private Warrants, our capital stock, debt or a combination of cash, stock and debt.

We
expect to continue to incur significant costs in the pursuit of our initial Business Combination. We cannot assure you that our plans
to raise capital or to complete our initial Business Combination will be successful.

Extension
of Combination Period and Extension Loans

As
approved by our stockholders at the special meeting of stockholders held on August 17, 2023 (the “First Extension Meeting”),
we entered into an amendment to the Investment Management Trust Agreement, dated as of February 18, 2022 (the “Trust Agreement”),
with Continental Stock Transfer & Trust Company (“Continental”), on August 17, 2023 (the “Trust Amendment”).
The Trust Amendment extended the initial date on which Continental must commence liquidation of the Trust Account to up to February 18,
2024, or such earlier date as determined by our board of directors (the “Board”), unless the closing of our initial business
combination shall have occurred, provided that FutureTech II Partners LLC (the “Sponsor”) (or its affiliates or permitted
designees) will deposit into a trust account established for the benefit of our public stockholders (the “Trust Account”)
the lesser of: (i) $125,000 and (ii) an aggregate amount equal to $0.04 multiplied by the number of our public shares that are not