Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 132

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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 1,000,000 preferred shares with a par value of $0.0001 per share with such designation,
rights and preferences as may be determined from time to time by the Company’s Board of Directors. At September 30, 2024 and December
31, 2023, there were no preferred shares issued or outstanding.

Class
A Common Stock - The Company is authorized to issue 100,000,000 shares of Class A common stock with a par value of $0.0001 per
share. Holders of the Company’s Class A common stock are entitled to one vote for each share. At September 30, 2024 and December
31, 2023, there were 635,075 shares of Class A common stock issued and outstanding, which included 115,000 representative shares and
excludes shares subject to possible redemption. As of September 30, 2024 and December 31, 2023, there were 2,319,435 shares and 5,556,350
shares subject to possible redemption, respectively, of Class A common stock that were classified as temporary equity in the accompanying
unaudited condensed balance sheets.

    F-16

Note
7 - Stockholders’ Deficit (Continued)

Class
B Common Stock - The Company is authorized to issue 10,000,000 shares of Class B common stock with a par value of $0.0001
per share. Holders of the Company’s Class B common stock are entitled to one vote for each share. At September 30, 2024 and December
31, 2023, there were 2,875,000 shares of Class B common stock issued and outstanding.

At the Third Extension Meeting
held on November 18, 2024, stockholders approved by requisite votes to amend the Charter to provide for the right of the holders of Class
B common stock, par value $0.0001 per share, to convert such shares of Class B common stock into shares of Class A common stock, par value
$0.0001 per share, on a one-to-one basis at the election of such holders (the “Founder Share Amendment Proposal”). Following
approval of the Founder Share Amendment Proposal by the Stockholders, on November 21, 2024, the Company promptly adopted and filed the
Charter Amendment with the Secretary of State of the State of Delaware, and all holders of Class B Common Stock elected to convert their
shares of Class