Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 58

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 58
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paid of $343,638.

As of March 31, 2025 and
December 31, 2024, the shares of common stock subject to possible redemption reflected on the condensed balance sheets are reconciled
in the following table.  

    Ending Balance as of December 31, 2023 
    $61,226,803 
  
    Redemption of Class A common stock 
     (36,281,990)
  
    Remeasurement of carrying value to redemption value 
     1,518,400 
  
    Redemption amount payable 
     (17,744,312)
  
    Due from Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 
  
    Remeasurement of carrying value to redemption value 
     227,396 
  
    Reversal of estimated redemption amount 
     343,638 
  
    Ending Balance as of March 31, 2025 
    $9,651,778 

Net Income (Loss) Per Share

Net income (loss) per share
is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The
Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata between the two classes
of shares. The calculation of diluted loss per share of common stock does not consider the effect of the warrants issued in connection
with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants are contingently exercisable,
and the contingencies have not yet been met. As a result, diluted income (loss) per share is the same as basic income (loss) per share
for the periods presented.

The following table reflects
the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

    Three Months Ended  
    Three Months Ended 

    March 31, 2025  
    March 31, 2024 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $199,826  
    $-  
    $536,343  
    $- 
  
    Less: Allocation of