Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 838

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 838
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 not involve a public offering.

No
payments for our expenses were made in the offering described above directly or indirectly to (i) any of our directors, officers or their
associates, (ii) any person(s) owning 10% or more of any class of our equity securities or (iii) any of our affiliates, except in connection
with the repayment of outstanding loans and pursuant to the administrative support agreement disclosed herein which we entered into with
our sponsor. There has been no material change in the planned use of proceeds from our offering as described in our final prospectus
filed with the SEC pursuant to Rule 424(b) related to the Initial Public Offering.

NASDAQ

As
previously disclosed, on April 23, 2024, the Company received a written notice (the “Notice”) from the Staff of Nasdaq Stock
Market LLC (the “Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market
Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global
Market (the “Market Value Standard”) pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “Rule”). The Staff also
noted that the Company did not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the “Total Assets/Total Revenue Standard”).
An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com
and may be displayed by other third-party providers of market data information, however, the Notice did not impact the listing of the
Company’s securities on The Nasdaq Global Market at this time.

The
Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company had a period of 180 calendar days from the date
of the Notice, or until October 21, 2024 to regain compliance with the Market Value Standard.

On
October 23, 2024, the Company received a notice from the Staff (the “Staff’s Determination”) stating that the Company
has not regained compliance with the Rule and the Company’s securities would be delisted from the Nasdaq Global Market unless the
Company requested an appeal of Staff’s Determination by October 30, 2024 or applied to list its securities on The Nasdaq Capital
Markets by October 30, 2024.

On
October 29