Company: FTII
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020051
Chunk: 44

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 44
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 does not have sufficient time to complete the Business Combination before the Termination Date of August 18, 2025.

FutureTech’s Charter provides that FutureTech has until August 18, 2025 to consummate a business combination. While we are using our best efforts to complete a Business Combination as soon as practicable, the Board believes that there will not be sufficient time before the Termination Date to complete a Business Combination. Accordingly, the Board believes that in order to be able to consummate a Business Combination, we will need to obtain the Extension. Without the Extension, the Board believes that there is significant risk that we might not, despite our best efforts, be able to complete a Business Combination on or before August 18, 2025. If that were to occur, we would be precluded from completing a Business Combination and would be forced to liquidate even if our stockholders are otherwise in favor of consummating a Business Combination.

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The affirmative vote of the holders of at least sixty-five percent (65%) of all outstanding shares of common stock is required to extend FutureTech’s corporate existence, except in connection with, and effective upon consummation of, a business combination. Additionally, FutureTech’s IPO prospectus and charter provide for all public stockholders to have an opportunity to redeem their public shares in the case FutureTech’s corporate existence is extended as described above. Because FutureTech continues to believe that a business combination would be in the best interests of FutureTech’s stockholders, and because FutureTech will not be able to conclude a business combination within the permitted time period, FutureTech has determined to seek stockholder approval to extend the date by which FutureTech has to complete a business combination to August 18, 2026 (the “Extended Date”).

We also believe, however, that given FutureTech’s expenditure of time, effort and money on the potential business combinations with the targets it has identified, circumstances warrant providing those who would like to consider whether such potential business combinations are attractive investments with an opportunity to consider such transactions, inasmuch as FutureTech is also affording stockholders who wish to redeem their public shares the opportunity to do so, as required under its charter. Accordingly, the Extension is consistent with FutureTech’s charter and IPO prospectus.

If the Charter Amendment Proposal Is Not Approved

If the Charter Amendment Proposal is not approved and we have not consummated a business combination by August 18, 2025, we will (i) cease all operations except