Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 146

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 under the ticker symbol “LBIO.”

For
more information about the Merger Agreement and the proposed Longevity Business Combination, see our Current Report on Form 8-K filed
with the SEC on September 20, 2024. Unless specifically stated, this Quarterly Report on Form 10-Q does not give effect to the proposed
Transactions and does not contain the risks associated with the proposed transactions.

Extension
of Combination Period

On
November 18, 2024, the Company held the Third Extension Meeting at which the Company’s stockholders approved the Third Charter
Amendment by requisite votes, (i) giving the Company the right to extend the deadline of Combination Period from November 18, 2024 to
August 18, 2025, provided that the Sponsor (or its affiliates or permitted designees) will deposit into Trust Account an aggregate amount
equal to $0.05 multiplied by the number of public shares of the Company that are not redeemed in connection with the stockholder vote
to approve the Third Charter Amendment, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of
a business combination, and (ii) giving the holders of shares of Class B Common Stock the right to convert such shares of Class B Common
Stock to shares of Class A Common Stock at any time before the consummation of a business combination or automatically convert to shares
of Class A Common Stock at the closing of a business combination (the “Founder Share Amendment”). The Third Charter Amendment
was filed as Exhibit 3.1 to the Form 8-K filed by the Company on November 22, 2024.

Class
B Common Stock

Immediately
following the Third Extension Meeting and filing of the Third Charter Amendment with the Secretary of State of the State of Delaware,
on November 22, 2024, the holders of shares of Class B Common Stock unanimously elected to convert all of their shares of Class B Common
Stock to shares of Class A Common Stock on a one-to-one basis. As a result, all of 2,875,000 shares of Class B Common Stock issued and
outstanding have been converted to 2,875,000 shares of Class A Common Stock (the “Converted Class A Common Stock”) effective
November 21, 2024. Although for the purposes of Nasdaq listing standard, the Converted Class A Common Stock is considered as listed securities,
the Converted Class A Common Stock shall remain as founders’ shares and is not subject