Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 230

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 11
Chunk 230
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 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    Cash withdrawn from Trust 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 
    $59,768  
    $17,578 

    Supplemental disclosure of non-cash financing
    activities: 

    Accretion to redemption value 
    $1,518,400  
    $6,552,136 
  
    Excise tax on Class A common stock redemptions 
    $527,698  
    $642,389 
  
    Overpayment of redemption amount included in
    Due from Sponsor 
    $361,843  
    $- 
  
    Redemption payment payable 
    $17,744,312  
    $- 
  
    Conversion of Class B common stock 
    $288  
    $- 

The
accompanying notes are an integral part of these financial statements.

F-6

FUTURETECH
II ACQUISITION CORP.

NOTES
TO FINANCIAL STATEMENTS

Note
1 - Description of Organization and Business Operations, Going Concern and Basis of Presentation

FutureTech
II Acquisition Corp. (the “Company”) is a blank check