FutureTech II Acquisition Corp. is a SPAC formed in 2021 focused on acquiring disruptive technology companies in the U.S., particularly in AI, robotics, and biomedical sciences.

# Company Summary

## Business Overview
- **Company Name:** FutureTech II Acquisition Corp.
- **Type:** Blank check company (Special Purpose Acquisition Company - SPAC)
- **Formation Date:** August 19, 2021
- **Purpose:** To effect a merger, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses.
- **Industry Focus:** 
  - Disruptive technology sectors, specifically:
    - Artificial Intelligence (AI)
    - Robotics
    - Biomedical life sciences
  - Target geographic region: U.S.
  - Not pursuing initial business combinations with entities primarily in China (including Hong Kong and Macau)
- **Target Characteristics:**
  - Companies with positive cash flow or compelling technology with a clear path to profitability.
  - Companies with large market potential, especially in hardware tech, biomedical sciences, AI, and Robotics.
  - Businesses with proprietary or patented technology, significant market position, or distinct competitive advantages.
  - Companies at inflection points that could benefit from operational improvements.

## Management and Strategy
- **Management Lead:** Ray Chen, CEO and Chairman
  - Experience in tech, media, and investment sectors, including prior roles as CFO and COO of other SPACs.
- **Key Strategy:** 
  - Source, acquire, and manage technology-focused businesses.
  - Drive operational improvements and growth organically or through acquisitions.
  - Leverage relationships with deal sources to maintain a strong pipeline of potential targets.
  - Use a criteria-based evaluation process, with flexibility to pursue targets outside initial guidelines.

## Financials and Operations
- **Initial Public Offering (IPO):** 
  - Date: February 18, 2022
  - Units offered: 11,500,000 units at $10.00 each
  - Gross proceeds: $115,000,000
- **Private Placement:** 
  - 520,075 units purchased by the Sponsor at $10.00 each
  - Total gross proceeds: $5,200,750
- **Trust Fund:** 
  - Approximately $117.3 million (from IPO and private placement) deposited in trust for public shareholders' benefit.
- **Offices:** Located at 128 Gail Drive, New Rochelle, NY
- **Employees:** 
  - Currently, only one officer, who devotes varying amounts of time to the company's affairs.
- **Revenue and Income:** 
  - The company has not engaged in any business operations or generated revenue or income. Its purpose is to identify and complete a business combination.

## Business Development
- **Current Status:** 
  - Engaged in searching for a target; no business operations or revenue yet.
  - Filed a Form S-4 regarding a merger with Longevity Biomedical, Inc., expected to be completed, subject to approvals.
- **Upcoming Milestones:** 
  - Deadline to complete business combination: August 18, 2025 (extensions possible).
  - Pending a potential business combination with Longevity Biomedical that would involve a merger and a name change.

## Additional Notes
- The company has not disclosed any number of customers, specific revenue, or profit since it is still in the pre-operation phase, solely focused on identifying and completing a merger with a target entity.
- The company’s strategy includes targeting innovative tech firms with high growth potential in AI, robotics, and biomedical sciences within the U.S. market.

FutureTech II Acquisition Corp. is a Delaware-based blank check company focused on merging with businesses in the disruptive technology sector, particularly those in artificial intelligence.

# FutureTech II Acquisition Corp. - Company Overview

## General Information
- **Incorporation**: Delaware, August 19, 2021
- **Business Model**: Blank check company (special purpose acquisition company - SPAC)
- **Purpose**: To effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

## Focus
- **Industry Focus**: Primarily targets companies in the **disruptive technology sector**, with an emphasis on **artificial intelligence (AI)** and related technology innovations.
- **Geographic Focus**: Intends to acquire U.S.-based companies; specifically prohibits initial business combinations with businesses operating in **China**, including Hong Kong and Macau.

## Business Strategy
- **Management's Expertise**: The management team leverages its experience to source, acquire, and manage technology companies, benefiting from operational improvements and strategic growth initiatives.
- **Target Industries**: Focuses on sectors like:
  - **Artificial Intelligence**: Robotics, machine learning, automation, etc.
  - **Robotic Applications**: Includes cleaning robots, service robots, and humanoid robots.

## Financial Information
- **Initial Public Offering (IPO)**: 
  - Completed on **February 18, 2022**
  - **Units Offered**: 11,500,000 at $10.00 per unit
  - **Gross Proceeds**: $115,000,000 from IPO and $5,200,750 from private placement, totaling $117,300,000.
- **Trust Account**: Proceeds from the IPO and private placement placed in a trust account to benefit public stockholders.

## Current Status
- **Employees**: Currently has **one officer**, who dedicates time to the company as deemed necessary until a business combination is completed.
- **Revenue and Income**: While specific revenue and income figures are not provided, the company operates as a blank check company and does not have ongoing revenue generation until a business combination is completed.

## Additional Information
- **Management Team**: Led by **Ray Chen**, who has an extensive background in finance and business combination processes.
- **Market Potential**: The global AI software market is projected to grow to approximately **$126 billion by 2025**, and significant growth is expected across various sectors due to advancements in AI technology. 

This summary outlines FutureTech II Acquisition Corp.'s operational focus, financial background, and strategic orientation, providing a comprehensive view of its business activities and market engagement.

FutureTech II Acquisition Corp.

10-K / April 9, 2025

10-K / April 5, 2024

10-K / April 9, 2025

Company Summary

Business Overview

Management and Strategy

Financials and Operations

Business Development

Additional Notes