Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 58

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 over-the-counter market. If this were to occur, we could face significant material adverse consequences,
including our ability to consummate the Business Combination; reduced liquidity for our securities; a limited availability of market
quotations for our securities; a determination that our shares of common stock are a “penny stock” which will require brokers
trading in our shares of common stock to adhere to more stringent rules and possibly result in a reduced level of trading activity in
the secondary trading market for our securities; a decreased ability to issue additional securities or obtain additional financing in
the future; a limited amount of news and analyst coverage; and becoming a less attractive merger partner for a target company or business.
We also note that if Nasdaq delists the Company’s securities from trading on its exchange and the Company is not able to list its
securities on another national securities exchange, it may affect the Company’s ability to consummate its planned Business Combination
with Longevity.

In
addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity or debt financing which
may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing
being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy
and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a Business Combination
are not yet determinable. The unaudited condensed financial statements do not include any adjustments that might result from the outcome
of this uncertainty.

Note
2 - Summary of Significant Accounting Policies

Basis
of Presentation

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form
10-Q and Article 8 of Regulation S-X of the SEC). Certain information or footnote disclosures normally included in financial statements
prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial
reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position,
results of operations, or cash flows.

In
the opinion of the Company’s management, the unaudited condensed financial statements as of September 30, 2024 and for the three
and nine months ended September 30, 2024 and