Biological Products, (No Diagnostic Substances)IFRS · EUR

FutureTech II Acquisition Corp.

FutureTech II Acquisition Corp. is a Delaware-incorporated blank check company formed to complete a merger, stock exchange, asset acquisition, or similar business combination. It has no operating business of its own and is focused on identifying and closing a transaction, with the current disclosed target being Longevity Biomedical, Inc.

Net income-0.7m EUR
−125.7 %y/y
Free cash flow-1.9m EUR
−9.0 %y/y

Fiscal year 2024 · change from previous year

Development 2021–2024

01m EUR2021202220232024
RevenueOperating profit (EBIT)
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Business

Share of revenue
SPAC formation and listing vehicle0 %

A publicly traded shell company created to raise capital and pursue a future acquisition.

Business combination execution0 %

Transaction structuring and closing activities related to a proposed merger or acquisition.

Private placement and financing support0 %

PIPE-style capital commitments and related financing arrangements tied to the transaction.

Trust account administration0 %

Management of IPO proceeds held in trust for shareholder redemptions and deal funding.

Customers

The company does not sell products or services to end customers in the normal operating sense. Its stakeholders are IPO investors, public shareholders, warrant holders, and potential merger counterparties such as Longevity Biomedical, Inc. The business model depends on attracting a suitable target and securing enough financing and shareholder support to complete the transaction.

Public shareholders

Invest in the SPAC for redemption rights and potential upside if a business combination closes.

Merger target company

The target, currently disclosed as Longevity Biomedical, Inc., is the core counterparty for the business combination.

PIPE investors

Provide private placement capital to support the merger and post-close capitalization.

Warrant holders

Hold optionality on the combined company’s equity value after the transaction.

Strategy

The company’s strategy is to complete its announced business combination and secure the financing needed to close it. Recent disclosures show continued work on a PIPE subscription, redemption management, and extension of the business combination deadline, all of which are aimed at preserving deal optionality and closing conditions.

Complete the Longevity Biomedical mergerShort term

The company has no operating business until a transaction closes, so execution is existential.

Secure financing supportShort term

The deal depends on sufficient capital at closing and post-close funding credibility.

Preserve public market accessShort term

Listing status affects redemption dynamics, financing access, and merger completion probability.

Geography

FutureTech II Acquisition Corp. is incorporated in Delaware and operates as a U.S.-based capital markets vehicle. The available filings do not disclose operating revenue by geography because the company has no commercial operations; its exposure is primarily to U.S. securities markets, Nasdaq listing status, and the location of its merger target and financing counterparties.

Risks

The main risk is that the company may fail to complete its business combination, which would leave it without an operating business and could force liquidation or value loss. It also faces redemption pressure, listing risk, and financing risk, all of which can reduce the cash available for closing and weaken the attractiveness of the transaction to counterparties.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Failure to consummate the business combination1Redemptions reduce transaction cash2Listing and marketability risk3Trust account and third-party claim risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Failure to consummate the business combinationImpact: CriticalLikelihood: High

    The company is a blank check entity with no operating business, so failure to close would leave it without a commercial platform.

    Exposure: Longevity Biomedical merger process

  2. Redemptions reduce transaction cashImpact: HighLikelihood: High

    Shareholder redemptions shrink the trust balance and can make the deal harder to finance.

    Exposure228287 shares tendered for redemption in August 2025
  3. Listing and marketability riskImpact: HighLikelihood: High

    OTC Pink trading or Nasdaq delisting can reduce liquidity, financing access, and merger credibility.

    Exposure: Nasdaq listing status and secondary market trading

  4. Trust account and third-party claim riskImpact: MediumLikelihood: Medium

    Claims against the trust account could reduce funds otherwise available for redemption or closing.

    Exposure: Trust account protection and creditor claims

Accounting

Judgemental items
Redeemable Class A common stock

Public shares subject to redemption are typically measured at redemption value, affecting equity and liabilities.

Impact: Accretion to redemption value and balance sheet presentation

Deferred underwriting commission

The fee is payable only if the business combination closes, so recognition depends on a contingent event.

Impact: Closing-dependent liability and transaction accounting

Accretion to redemption value

The company recorded accretion to redemption value in the period, which changes reported equity and net loss.

Impact: Non-cash charge affecting earnings and shareholders' equity

Estimates and assumptions

Management must estimate contingent obligations and transaction-related outcomes in a highly judgmental environment.

Impact: Reported liabilities and expenses may change materially

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

FutureTech II Acquisition Corp. – Biological Products, (No Diagnostic Subs | Financial Analysis – Clarifo