Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 157

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 10
Chunk 157
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leye Capital LLC (“Walleye”), Walleye may be deemed to
    have beneficial ownership of these shares. The principal business office of Walleye is 2800 Niagara Lane N, Plymouth, MN 55447.

The
founder shares held by our initial stockholders represent 78.4% of our outstanding shares of common stock. Because of this ownership
block, our initial stockholders may be able to effectively influence the outcome of all other matters requiring approval by our stockholders,
including amendments to our amended and restated certificate of incorporation and approval of significant corporate transactions including
our initial business combination. Holders of our public shares do not have the right to appoint any directors to our board of directors
prior to our initial business combination.

Each
holder of the founder shares has agreed (a) to vote any founder shares owned by it in favor of any proposed business combination and
(b) not to redeem any founder shares in connection with a stockholder vote to approve a proposed initial business combination. Our sponsor
and our executive officers and directors are deemed to be our “promoters” as such term is defined under the federal securities
laws.

Item
13. Certain Relationships and Related Transactions, and Director Independence

Founder
Shares

On
October 8, 2021, the Company issued an aggregate of 2,875,000 shares of Class B common stock to the Sponsor for an aggregate purchase
price of $25,000 in cash. Such Class B common stock includes an aggregate of up to 375,000 shares that were subject to forfeiture by
the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the Sponsor would
collectively own at least 20% of the Company’s issued and outstanding shares after the Offering (assuming the initial stockholders
did not purchase any Public Shares in the Offering and excluding the Placement Units and underlying securities). The underwriters exercised
the over-allotment option in full so those shares are no longer subject to forfeiture. All 2,875,000 shares of Class B common stock have
been converted to 2,875,000 shares of non-redeemable Class A common stock (“founder shares”)

The
initial stockholders have agreed not to transfer, assign or sell any of the founder shares (except to certain permitted transferees)
until the earlier of (i) one year after the date of the consummation of a Business Combination, or (