Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 787

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1C
Chunk 787
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1,540,984  
     1,179,141 
  
    Due from Sponsor and
    related party 
     1,540,984  
     1,179,141 

    Total Current Assets 
     1,672,752  
     1,385,762 

    Interest Bearing Bank Demand Deposit held in
    Trust Account 
     26,447,350  
     61,839,164 

    Total Assets 
    $28,120,102  
    $63,224,926 

    LIABILITIES AND STOCKHOLDERS’
    DEFICIT 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $1,148,902  
    $295,137 
  
    Excise tax payable 
     1,170,089  
     642,389 
  
    Franchise tax payable 
     128,914  
     94,364 
  
    Income tax payable 
     299,105  
     1,087,603 
  
    Other Payable 
     17,744,312  
     - 
  
    Promissory Note - Sponsor 
     412,257  
     - 
  
    Accrued offering costs 
     2,708  
     2,708 
  
    Note payable - Sponsor 
     3,537,744  
     2,925,000 
  
    Total Current Liabilities 
     24,444,031  
     5,047,201 

    Deferred underwriting commission 
     3,450,000  
     3,450,000 

    Total
    Liabilities 
     27,894,031  
     8,497,201 

    COMMITMENTS AND CONTINGENCIES
    (Note 6) 
     -   
     -  

    Class A common stock, $0.0001 par value; 100,000,000
    shares authorized; 779,886 and 5,556,350 shares subject to possible redemption issued and outstanding shares at redemption value
    of $11.64 and $11.02 per share as of December 31, 2024 and December 31, 2023, respectively 
     9,080,744  
     61,226,803