Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 512

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 512
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 of September 30, 2024             |     | $ |  26,606,595 |   |

Warrant Instruments

The Company accounts for the Public Warrants and the Private Placement Warrants issued in connection with the Initial Public Offering and the Private Placement in accordance with the guidance contained in FASB ASC 815, “Derivatives and Hedging”. Under ASC 815-40 the Public Warrants and the Private Placement Warrants meet the criteria for equity treatment and as such will be recorded in stockholders’ deficit. If the warrants no longer meet the criteria for equity treatment, they will be recorded as a liability and remeasured each period with changes recorded in the unaudited condensed statement of operations.

Net Income (Loss) Per Share

Net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata between the two classes of shares. The calculation of diluted income (loss) per share of common stock does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants are contingently exercisable, and the contingencies have not yet been met. As a result, diluted income (loss)per share is the same as basic income (loss) per share for the periods presented.

| F-12 |

Note 2 - Summary of Significant Accounting Policies (Continued)

The following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

Schedule of Basic and Diluted Net Income (Loss) Per Common Share

|                                                                                   |     | Three Months Ended | September 30, 2024 |   |     |                |          |   |     | Three Months Ended | September 30, 2023 |   |     |                |          |   |
|:----------------------------------------------------------------------------------|:----|:-------------------|-------------------:|:--|:----|:---------------|:---------|:--|:----|:-------------------|-------------------:|:--|:----|:---------------|:---------|:--|
|                                                                                   |     | Redeemable         |                    |   |     | Non-redeemable |          |   |     | Redeemable         |                    |   |