Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 1

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 1
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 trust account (“Trust Account”),
To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act of 1940 (the “Investment
Company Act”), on or before the 24-month anniversary of the effective date of the registration statement relating to the Company’s
Initial Public Offering, the Company maintained the investment of funds held in the Trust Account in U.S. government securities within
the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in money market funds
investing solely in United States government treasury obligations and meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and
(d)(4) of Rule 2a-7 under the Investment Company Act (or any successor rule). Following the 24-month anniversary of the effective date
of the registration statement relating to the Company’s Initial Public Offering, the Company has instructed Continental Stock Transfer
& Trust Company, the trustee with respect to the Trust Account, to liquidate the U.S. government treasury obligations or money market
funds held in the Trust Account and thereafter to hold all funds in the Trust Account in an interest bearing bank demand deposit account
until the earlier of consummation of our initial business combination or liquidation of the Company. The current yield on the funds held
in the Trust Account as of April 30, 2025 is 3.25%. A portion of the interest earned on the funds held in the Trust Account may be released
to us to pay our taxes, if any, and certain other expenses as permitted. Funds held in the Trust Account shall be maintained in the above-references
manner until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account to the Company’s
stockholders, as described below.

Transaction
costs of the Initial Public Offering with the exercise of the overallotment option amounted to $5,688,352 consisting of $1,725,000 of
cash underwriting fees, $3,450,000 of deferred underwriting fees and $513,352 of other costs.

Following
the closing of the Initial Public Offering, $700,000 of cash was held outside of the Trust Account available for working capital purposes.
As of June 30, 2025, the Company has available to it $160,723  of cash on its una