FutureTech II Acquisition (FTII)

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FutureTech II Acquisition (FTII) - 2022 Q3 - Quarterly Report
2022-11-14 21:47
Financial Performance - The Company had a net income of $391,997 for the three months ending September 30, 2022, primarily due to interest earned on investments held in the Trust Account amounting to $557,708[110]. - For the nine months ending September 30, 2022, the Company reported a net income of $194,381, with interest income of $674,998 offsetting administrative and operating costs[111]. - Cash used in operating activities for the nine months ended September 30, 2022, was $535,611[113]. Investments and Assets - As of September 30, 2022, the Company had $117,974,998 in investments held in the Trust Accounts, intended for the initial Business Combination[114]. - As of September 30, 2022, the Company had cash of $328,500 outside of the Trust Accounts, primarily for evaluating target businesses[115]. - The net proceeds from the Initial Public Offering have been invested in short-term U.S. government securities, minimizing exposure to interest rate risk[130]. Initial Public Offering - The Company raised gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at $10.00 per Unit[112]. - The Underwriter received a cash underwriting fee of $2,300,000, which is 2.0% of the gross proceeds from the Public Offering[123]. Business Combination Plans - The Company intends to complete the proposed Business Combination before August 11, 2022, with plans to extend the deadline if necessary[119]. Administrative Costs - The Company has incurred $70,000 in fees under an agreement to pay an affiliate of the Sponsor for administrative support services from inception to September 30, 2022[122]. Debt and Financial Risk - The Company has no long-term debt or off-balance sheet financing arrangements as of September 30, 2022[120]. - As of September 30, 2022, the company was not subject to any market or interest rate risk due to investments in U.S. government treasury bills and money market funds[130]. Accounting Standards - The company is currently assessing the impact of ASU 2020-06 on its financial position, results of operations, or cash flows, effective for fiscal years beginning after December 15, 2023[128].
FutureTech II Acquisition (FTII) - 2022 Q2 - Quarterly Report
2022-08-15 22:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40386 FutureTech II Acquisition Corp. (Exact name of registrant as specified in its charter) | Delaware | 87-2551539 | | --- | --- | | (State or other jurisdiction of | (I.R.S. ...
FutureTech II Acquisition (FTII) - 2022 Q1 - Quarterly Report
2022-05-16 21:25
(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number: 001-40983 FutureTech II Acquisition Corp. Delaware 87-2551539 (State or othe ...
FutureTech II Acquisition (FTII) - 2021 Q4 - Annual Report
2022-03-31 19:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-41289 FUTURE TECH II ACQUISITION CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 87-2551539 (State or Other Jurisdiction of Incorporation or Org ...