Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 14

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 14
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 deficit section of the Company’s unaudited and audited condensed balance sheets . The increase of
$702,355 during the six months ended June 30, 2025 in the Class A common stock subject to possible redemption is due to accretion to
the redemption value of $358,717 and differences between the estimated third redemption and the actual amount paid of $343,638.

As
of June 30, 2025 and December 31, 2024, the shares of common stock subject to possible redemption reflected on the unaudited and audited
condensed balance sheets  are reconciled in the following table.

 Schedule of Common Stock Reflected on Balance Sheet Reconciled

    Ending Balance as of December 31,
    2023 
    $61,226,803 
  
    Redemption of Class A common
    stock 
     (36,281,990)
  
    Remeasurement of carrying value to redemption value 
     1,518,400 
  
    Redemption amount payable 
     (17,744,312)
  
    Due from
    Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 
  
    Remeasurement of carrying value to redemption value 
     227,396 
  
    Reversal
    of estimated redemption amount 
     343,638 
  
    Ending Balance as of March 31, 2025 
    $9,651,778 
  
    Remeasurement of carrying
    value to redemption value 
     131,321 

    Ending Balance as of
    June 30, 2025 
    $9,783,099 

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 statements of operations.

Net
Income (Loss) Per Share

Net
income (loss) per share