Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 6

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 6
---
 at all.

In accordance with Financial
Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an
Entity’s Ability to Continue as a Going Concern,” the Company has evaluated that there are certain conditions and events,
considered in the aggregate, that raise doubt about the Company’s ability to continue as a going concern through until August 18,
2025 , the date that the Company is required to cease all operations, except for the purpose of winding up, if a Business Combination
is not consummated by such date. It is uncertain that the Company will be able to consummate an initial Business Combination by this time.
If an initial Business Combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of
the Company. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The
unaudited condensed financial statements do not include any adjustments that might result from the Company’s inability to continue
as a going concern.

Risks and Uncertainties

Management continues to evaluate
the impact of the COVID-19 pandemic and has concluded that while it is possible that the virus could have a negative effect on the Company’s
financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of
the date of the unaudited condensed financial statements. The unaudited condensed financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

In February 2022, the
Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations,
including the United States, have instituted economic sanctions against the Russian Federation and Belarus. Separately, in October
2023, Israel and certain Iranian-backed Palestinian forces began an armed conflict in Israel, the Gaza Strip, and surrounding areas,
which threatens to spread to other Middle Eastern countries including Lebanon and Iran. The impact of these conflicts and related
sanctions on the world economy are not determinable as of the date of these financial statements. The specific impact on the
Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of these
unaudited condensed financial statements.

On August 16, 2022, the Inflation
Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR