Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 38

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 38
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 collect from the
Trust Account in the Event of Default by the Company.

The foregoing
descriptions of the Working Capital Convertible Notes and the transactions contemplated thereby are only summaries and do not
purport to be complete and are qualified in their entirety by reference to the full text of such instruments, a copy of which is
attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on April 11, 2025 and incorporated
herein by reference.

 F-21 

Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

References
to the “Company,” “us,” “our” or “we” refer FutureTech II Acquisition Corp. The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with our
unaudited condensed financial statements and the notes related thereto contained elsewhere in this report on Form 10-Q. Certain
information contained in the discussion and analysis set forth below includes forward-looking statements. Our actual results may
differ materially from those anticipated in these forward-looking statements as a result of many factors

Overview

We are a blank check company
incorporated in Delaware on August 19, 2021. We were formed for the purpose of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). We
are an emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies. We intend to
effectuate our Business Combination using cash from the proceeds of the Initial Public Offering and the sale of the Private Warrants,
our capital stock, debt or a combination of cash, stock and debt.

We expect to continue to
incur significant costs in the pursuit of our initial Business Combination. We cannot assure you that our plans to raise capital or to
complete our initial Business Combination will be successful.

Extension of Combination Period and Extension
Loans

As approved by our stockholders
at the special meeting of stockholders held on August 17, 2023 (the “First Extension Meeting”), we entered into an amendment
to the Investment Management Trust Agreement, dated as of February 18, 2022 (the “Trust Agreement”), with Continental Stock
Transfer & Trust Company (“Continental”), on August 17, 2023 (the “Trust Amendment”). The Trust Amendment
extended the initial date