Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 528

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1
Chunk 528
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 to pay the sellers of a target business with which we complete our initial
business combination. If our initial business combination is paid for using equity or debt securities, or not all of the funds released
from the trust account are used for payment of the consideration in connection with our initial business combination or used for redemption
of our public shares, we may use the balance of the cash released to us from the trust account following the closing for general corporate
purposes, including for maintenance or expansion of operations of the post-transaction businesses, the payment of principal or interest
due on indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working capital.
In addition, we may be required to obtain additional financing in connection with the closing of our initial business combination to
be used following the closing for general corporate purposes as described above.

There
is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances
or other indebtedness in connection with our initial business combination. Subject to compliance with applicable securities laws, we
would only complete such financing simultaneously with the completion of our initial business combination. At this time, we are not a
party to any arrangement or understanding with any third party with respect to raising any additional funds through the sale of securities
or otherwise. None of our sponsors, officers, directors or stockholders is required to provide any financing to us in connection with
or after our initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund
our working capital needs and transaction costs in connection with our search for and completion of our initial business combination.

Our
Charter provides that, prior to the consummation of our initial business combination, we will be prohibited from issuing additional securities
that would entitle the holders thereof to (i) receive funds from the trust account; or (ii) vote as a class with our public shares: (a)
on any initial business combination, or (b) to approve an amendment to our Charter to: (x) extend the time we have to consummate a business
combination, or (y) amend the foregoing provisions, unless (in connection with any such amendment to our Charter) we offer our public
stockholders the opportunity to redeem their public shares

Employees

We
currently have one officer. He is not obligated to devote any specific number of hours to our matters but he devotes as much of their
time as he deems necessary,