Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 83

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 withdraw
to cover income and franchise taxes and, therefore, the Second Redemption Payment should have been approximately $11.10 per share. This
meant that the Second Extension Redeeming Stockholders were overpaid in the amount of approximately $0.11 per share (the “Second
Extension Overpayment Amount”).

The
First Extension Redeeming Shareholders and the Second Extension Redeeming Stockholders are in the process of being notified of this
situation and are being instructed to return the First Extension Overpayment Amount and the Second Extension Overpayment Amount to
CST.

In
light of the above, the Company amended and restated its prior financial statements during the Affected Period as disclosed in its
Current Report on Form 8-K filed with the SEC on December 13, 2024. The aggregate amount of the First Extension Overpayment Amount
and the Second Extension Overpayment Amount is reflected in the Company’s unaudited condensed financial statements in this
Form 10-Q as Due from the Sponsor.

F-19

Item
2. 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 interim
financial statements and related notes thereto contained elsewhere in this report. Certain information contained in the discussion and
analysis set forth below includes forward-looking statements that involve risks and uncertainties.

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

As
approved by our stockholders at the special meeting of stockholders held on August 17, 202