Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 194

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 10
Chunk 194
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 its affiliates or permitted designees)
will deposit into Trust Account an aggregate amount equal to $0.05 multiplied by the number of public shares of the Company that are
not redeemed in connection with the stockholder vote to approve the Third Charter Amendment, in exchange for a non-interest bearing,
unsecured promissory note payable upon consummation of a business combination, and (ii) giving the holders of shares of Class B Common
Stock the right to convert such shares of Class B Common Stock to shares of Class A Common Stock at any time before the consummation
of a business combination or automatically convert to shares of Class A Common Stock at the closing of a business combination.

Each
deposit by the Sponsor for the First Charter Amendment, the Second Charter Amendment, the Third Charter Amendment and any additional
future extension amendments are collectively referred to as the “Extension Loans”.

On
February 17, 2023 the Company caused to be deposited $1,150,000 into the Company’s Trust Account for its public stockholders, representing
$0.10 per public share, allowing the Company to extend the period of time it has to consummate its initial Business Combination by three
months from February 18, 2023 to May 18, 2023. On May 17, 2023 the Company caused to be deposited $1,150,000 into the Company’s
Trust Account for its public stockholders, representing $0.10 per public share, allowing the Company to extend the period of time it
has to consummate its initial Business Combination by three months from May 18, 2023 to August 18, 2023. On August 18, 2023, the Company
caused to be deposited $125,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from August 18, 2023 to September 18, 2023. On September 26, 2023, the Company caused to be deposited
$125,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from September 18, 2023 to October 18, 2023. On, October 18, 2023, the Company caused to be deposited $125,000 into the Company’s
Trust Account, allowing the Company to extend the period of time it has to consummate its initial Business