Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 558

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 558
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 for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of common stock issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the required period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless.

The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering.

NOTE 9. FAIR VALUE MEASUREMENTS

Fair Value Measurements

The Company follows the guidance
in ASC 820 for its financial assets that are re-measured and reported at fair value at each reporting period.

The following table presents
information about the Company’s assets that are measured at fair value at December 31, 2023 and 2022, and indicates the Fair Value
Hierarchy of the valuation inputs the Company utilized to determine such fair value:

Schedule of Assets Measured at Fair Value

| Description:                     
 Assets:                          |     | Level |   |     | December 
 31,      
 2023     |            |     | December 31, 
 2022         |             |
|:---------------------------------|:----|:------|--:|:----|:---------|-----------:|:----|:-------------|------------:|
| Marketable                       
 securities held in trust account |     |       | 1 |     | $        | 61,839,164 |     | $            | 118,976,585 |

| F-37 |

FUTURETECH II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note 10 – Income Taxes

The Company’s deferred tax assets are as follows at December 31, 2023 and