Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 88

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 88
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 has expended, and will continue to expend, a substantial amount of effort and resources for the remediation and
improvement of our internal control over financial reporting. While we have processes to properly identify and evaluate the appropriate
accounting of extension loans, redemption payments, technical pronouncements and other literature for all significant or unusual transactions,
we will continue to improve these processes to ensure that the nuances of such transactions are effectively evaluated in the context of
the increasingly complex accounting standards. In addition, we are assessing our resource needs as well as roles and responsibilities
with a particular focus on accounting and financial reporting staff and will make additional changes as needed, but we can offer no assurance
that our controls will not require additional review and modification in this future as industry accounting practices may evolve over
time.

Because of its inherent
limitations, internal control over financial reporting may not prevent or detect errors or misstatements in our financial statements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree or compliance with the policies or procedures may deteriorate.

 12 

Changes in Internal
Control over Financial Reporting

There were no changes
in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during
the most recent fiscal quarter covered by this Quarterly Report that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

 As a smaller reporting company, as defined in Rule 12b-2
of the Exchange Act, we are not required to provide the information required by this Item. Factors that could cause our actual results
to differ materially from those in this Quarterly Report are any of the risks described in our final prospectus for our Initial Public
Offering filed with the SEC. Any of these factors could result in a significant or material adverse effect on our results of operations
or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business
or results of operations. As of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors
disclosed in our final prospectus dated February 14, 2022 filed with the SEC, our Annual Report on Form 10-K for the