Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 580

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1
Chunk 580
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Loans Prior to the Charter Amendments

Pursuant
to the Company’s Charter, if the Company anticipated that it could not consummate a Business Combination within 24 months,
the Company could, by resolution of the Board if requested by the Sponsor, extend the period of time to consummate a Business
Combination up to nine times, each by an additional one month (for a total of up to 33 months to complete a Business Combination),
subject to the Sponsor depositing additional funds into the Trust Account as set out below. On February 17, 2023 the Company caused
to be deposited $1,150,000 into the Company’s Trust Account for its public stockholders, representing $0.10 per public share,
allowing the Company to extend the period of time it has to consummate its initial Business Combination by three months from
February 18, 2023 to May 18, 2023. On May 17, 2023 the Company caused to be deposited $1,150,000 into the Company’s Trust
Account for its public stockholders, representing $0.10 per public share, allowing the Company to extend the period of time it has
to consummate its initial Business Combination by three months from May 18, 2023 to August 18, 2023.

Extension
Loans after the Charter Amendments

In
connection with the First Charter Amendment, the Second Charter Amendment, and the Third Charter Amendment, the Sponsor made the following
deposits:

On
August 18, 2023, the Company caused to be deposited $125,000 into the Company’s Trust Account for its public stockholders, representing
$0.002 per public share, allowing the Company to extend the period of time it has to consummate its initial Business Combination by one
month from August 18, 2023 to September 18, 2023. On September 26, 2023, the Company caused to be deposited $125,000 into the Company’s
Trust Account for its public stockholders, representing $0.002 per public share, allowing the Company to extend the period of time it
has to consummate its initial Business Combination by one month from September 18, 2023 to October 18, 2023. On October 18, 2023, the
Company caused to be deposited $125,000 into the Company’s Trust Account for its public stockholders, representing $0.002 per public
share