Company: FTII
Filing Date: 2025-07-31
Form Type: DEF 14A
Source: 0001641172-25-021616
Chunk: 24

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-07-31
Form: DEF 14A
Chunk 24
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ating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Board in accordance with applicable law, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under the DGCL to provide for claims of creditors and the requirements of other applicable law.

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FutureTech’s initial stockholders waived their rights to participate in any liquidation distribution with respect to their founder shares. There will be no distribution from the Trust Account with respect to our warrants which will expire worthless in the event we wind up. FutureTech will pay the costs of liquidation from its remaining assets held outside of the Trust Account, which it believes are sufficient for such purposes.

Q. If the Charter Amendment Proposal is approved, what happens next?

A.FutureTech will seek to complete the Business Combination, which will involve:

| ● | completing proxy materials;                                                                     |
| ● | establishing                                                                                    
 a meeting date and record date for considering a proposed business combination and distributing 
 proxy materials to stockholders; and                                                            |
| ● | holding a special meeting to consider such proposed business                                    
 combination.                                                                                    |

FutureTech is seeking approval of the Charter Amendment Proposal because FutureTech will not be able to complete all of the above listed tasks prior to August 18, 2025

Upon approval by holders of at least sixty-five percent (65%) of the common stock outstanding as of the record date of the Charter proposal, FutureTech will file an amendment to the charter with the Secretary of State of the State of Delaware in the form of Annex A hereto. FutureTech will remain a reporting company under the Securities Exchange Act of 1934 and its units, common stock, warrants will remain publicly traded.

If the Charter Amendment Proposal is approved, and the Board decides to implement the Charter Amendment Proposal, each one-month extension of the Termination Date is subject to the Sponsor or its affiliates or permitted designees contributing to the Company a loan, referred to herein as the Extension Payment, in the amount of the lesser of: (i) $25,000 and (ii) an aggregate amount equal to $0.033 multiplied by the number of Public Shares of the Company that are not redeemed in connection with the stockholder vote to approve the Charter Amendment Proposal for each such one-month extension, in each case to be deposited into the Trust Account prior to the then-current deadline to complete an initial business combination; provided that,