Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 73

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 18, 2024. On August 18, 2024, the
Company caused to be deposited $50,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has
to consummate its initial Business Combination from August 18, 2024 to September 18, 2024. On September 18, 2024, the Company caused
to be deposited $50,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from September 18, 2024 to October 18, 2024. On October 18, 2024, the Company caused to be deposited
$50,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from October 18, 2024 to November 18, 2024.

On
November 20, 2024, the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend
the period of time it has to consummate its initial Business Combination from November18, 2024 to December 18, 2024. On December 18,
2024, the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period
of time it has to consummate its initial Business Combination from December 18, 2024 to January 18, 2025. On January 18, 2025, the Company
caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has
to consummate its initial Business Combination from January 18, 2025 to February 18, 2025.

As
of September 30, 2024 and December 31, 2023, there was $3,300,000 and $2,925,000 outstanding under the Extension Loans, respectively.

As
of January 27, 2025, there was approximately $3,400,000 outstanding under the Extension Loans from the Sponsor. Each Extension Loan was
made in the form of non-interest-bearing promissory note. If the Company completes its initial Business Combination, the Company
will convert all of the total loan amount into shares of Class A Common Stock pursuant to the Merger Agreement. If the Company does