Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 41

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 41
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 Stock Transfer & Trust Company (“Continental”), on August 17, 2023 (the “Trust Amendment”).
The Trust Amendment extended the initial date on which Continental must commence liquidation of the Trust Account to up to February 18,
2024, or such earlier date as determined by our board of directors (the “Board”), unless the closing of our initial business
combination shall have occurred, provided that FutureTech II Partners LLC (the “Sponsor”) (or its affiliates or permitted
designees) will deposit into a trust account established for the benefit of our public stockholders (the “Trust Account”)
the lesser of: (i) $125,000 and (ii) an aggregate amount equal to $0.04 multiplied by the number of our public shares that are not redeemed
for each such one-month extension unless the closing of our initial business combination shall have occurred, in exchange for a non-interest
bearing, unsecured promissory note payable upon consummation of a business combination.

As
approved by its stockholders at the First Extension Meeting, we filed an amendment to our Charter with the Delaware Secretary of State
on August 17, 2023 (the “First Charter Amendment”), to extend the date by which we have to consummate a business combination
for an additional six months, from August 18, 2023 (the “Termination Date”) to up to February 18, 2024, by electing to extend
the date to consummate an initial business combination on a monthly basis for up to six times by an additional one month each time after
the Termination Date, until February 18, 2024 or a total of up to six months after the Termination Date, or such earlier date as determined
by the Board, unless the closing of our initial business combination shall have occurred (the “Extension,” and such later
date, the “Extended Termination Date”), provided that the Sponsor (or its affiliates or permitted designees) will deposit
into the Trust Account the lesser of: (i) $125,000 and (ii) an aggregate amount equal to $0.04 multiplied by the number of our public
shares that are not redeemed for each such one-month extension unless the closing of our initial business combination shall have occurred,
in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.

In
connection with the votes to approve the Extension, the holders of 5,943