FutureTech II Acquisition Corp.: debt financing — FutureTech II issues $1.5M promissory note to sponsor for business combination funding

FutureTech II Acquisition Corp.

Issued unsecured, non-interest-bearing promissory note to sponsor FutureTech Partners II LLC for up to $1,500,000.
Proceeds to fund expenses related to initial business combination with Longevity Biomedical Inc and working capital.
Note due earlier of August 18, 2025 or consummation of business combination; repayable in cash or private units at $10/unit.
If no business combination by August 18, 2025, note forgiven except for amounts outside trust account.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FutureTech II Acquisition Corp. incurred loan of $1,500,000 with FutureTech Partners II LLC at non-interest-bearing maturing the earlier of: (i) August 18, 2025 or (ii) the date on which Company consummates an initial business combination.

Instrument: loan
Principal: $1,500,000
Counterparty: FutureTech Partners II LLC
Rate: non-interest-bearing
Maturity: the earlier of: (i) August 18, 2025 or (ii) the date on which Company consummates an initial business combination
Event: incurrence

Exact text from the filing

On March 25, 2025, FutureTech II Acquisition Corp. (the “Company”) issued an unsecured, non-interest-bearing promissory note in the aggregate principal amount up to $1,500,000 (the “Note”) to FutureTech Partners II LLC, the Company’s sponsor (the “Sponsor”).

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Source: SEC EDGAR

accession 0001641172-25-001125

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