Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 80

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 exercise its redemption right even if it is unable to register
or qualify the underlying securities for sale under all applicable state securities laws.

If
the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that
wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise
price and number of shares of common stock issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including
in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except
as described below, the Public Warrants will not be adjusted for issuances of common stock at a price below its exercise price. Additionally,
in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination
within the required period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive
any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held
outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless.

The
Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering.

NOTE
8 - Fair Value Measurements

The
Company follows the guidance in ASC 820 for its financial assets that are re-measured and reported at fair value at each reporting period.

The
following table presents information about the Company’s assets that are measured at fair value at September 30, 2024 and December
31, 2023, and indicates the Fair Value Hierarchy of the valuation inputs the Company utilized to determine such fair value:

 Schedule of Assets Measured at Fair Value

    Description: 
    Level  
    September 30, 2024  
    December 31, 2023 
  
    Assets: 

    Interest Bearing Bank Demand Deposit held in trust account 
     1  
    $26,932,536  
    $61,839,164 

Note
9 – Subsequent Events

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date. Based upon this review the Company
identified the following subsequent events, that would have required adjustment or disclosure in the unaudited condensed financial
statements.

Extension
of Combination