Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 319

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 319
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 determined to delist the
Company’s securities from Nasdaq, unless the Company timely requests a hearing before a Hearings Panel (the “Panel”),
based on the Staff’s determination that the Staff only has discretion to grant an extension until April 15, 2024, and in the context
of a reasonably long timeline to consummate a de-SPAC merger, given that the Company plans to enter into a definitive agreement no sooner
than March 2024, therefore the Staff does not believe that the Company can feasibly consummate a business combination and regain compliance
by April 15, 2024.

Accordingly,
the Company timely requested a hearing before the Panel. The hearing request stayed the suspension of the Company’s securities
and the termination of registration of the securities with Nasdaq as required by the rules of the Securities and Exchange Commission
pending the Panel’s decision and, therefore, Nasdaq’s notice had no immediate effect on the listing of the Company’s
common stock, units or warrants on Nasdaq.

On
April 23, 2024, the Company received a written notice (the “Second Notice”) from the Staff of Nasdaq notifying the Company
that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below
the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the
“Market Value Standard”). The Staff also noted that the Company did not meet the requirements under Nasdaq Listing
Rule 5450(b)(3)(A) (the “Total Assets/Total Revenue Standard”). An indicator was displayed with quotation information
related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and displayed by other third-party providers of market data
information. However, the Second Notice did not impact the listing of the Company’s securities on The Nasdaq Global
Market at this time.

The
Second Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the “Compliance Period Rule”), the Company
had a period of 180 calendar days from the date of the Notice, or until October 21, 2024 (the “Compliance Date”),
to regain compliance with the Market Value Standard. During this period, the Company’s securities continued to trade on
The Nasdaq Global Market.

On
October 23, 2024, the Company received