Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 300

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 300
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 a small minority stockholder in a publicly held corporation who exercises no control over corporate affairs
may constitute such a “meaningful reduction.” U.S. holders should consult with their tax advisors as to the tax consequences
of a redemption.

| 155 |

If the redemption
qualifies as a sale of stock by the U.S. holder under Section 302 of the Code, subject to the PFIC rules discussed below “—
Passive Foreign Investment Company Status,” the U.S. holder would generally be required to recognize capital gain or loss
in an amount equal to the difference, if any, between the amount of cash received and the tax basis of the shares of FutureTech Common
Stock. Such gain or loss generally would be treated as long-term capital gain or loss if such shares were held for more than one year
on the date of the redemption. A U.S. holder’s tax basis in such holder’s shares of FutureTech Common Stock generally will
equal the cost of such shares.

If the redemption
does not qualify as a sale of stock under Section 302 of the Code, subject to the PFIC rules discussed below “— Passive Foreign Investment Company Status,” then the U.S. holder will be treated as receiving a corporate distribution. Such distribution
generally will constitute a dividend for U.S. federal income tax purposes to the extent paid from current or accumulated earnings and
profits of FutureTech, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings
and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder’s adjusted
tax basis in such U.S. holder’s shares of FutureTech Common Stock. Any remaining excess will be treated as gain realized on the
sale or other disposition of the shares of FutureTech Common Stock.

Non-U.S. Holders

This section
applies to a Non-U.S. holder. A “Non-U.S. holder” is a beneficial owner (other than a partnership or entity treated as a partnership
for U.S. federal income tax purposes) of FutureTech securities who or that is not a U.S. holder, including:

| ● | a non-resident alien individual, other than certain former citizens and residents of the United States 
 subject to U.S. tax as expatriates;                                                                    |

| ● | a foreign corporation; or |

| ● | a foreign estate or trust; |

but generally does not include an individual
who is present