Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 484

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 484
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2022. Any redemption or other repurchase
that occurs after December 31, 2022, in connection with a Business Combination, extension vote or otherwise, may be subject to the excise
tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote
or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection
with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any
private investment in public equity (“PIPE”) or other equity issuances in connection with a Business Combination (or otherwise
issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the
content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and
not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause
a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business
Combination.

    F-10

Note
1 – Description of Organization and Business Operations, Going Concern and Basis of Presentation (Continued)

Additionally,
shares of our Class A Common Stock and public warrants are listed on Nasdaq. Nasdaq IM-5101-2 requires that the Company, a special purpose
acquisition company, complete one or more business combinations within 36 months of the effectiveness of its initial public offering
registration statement, which, in the case of the Company, would be February 14, 2025. If the Company is unable to complete an initial
business combination by February 14, 2025 and seeks to extend beyond such 36-month period, such extension would violate Nasdaq IM-5101-2.
Effective on October 7, 2024, Nasdaq Rule 5815 was amended to provide for the immediate suspension and delisting upon issuance of a delisting
determination letter to an issuer for failure to meet the requirements of Nasdaq IM5101-02. Accordingly, because the Company could not
consummate an initial business combination by February 14, 2025, on February 19, 2025, the Company received a notice from the Nasdaq
stating that the Company did not comply with