Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 71

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 71
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, a conflict of interest may have existed in determining whether the Business Combination with Longevity is appropriate as our initial business combination. Such interests include that Sponsor will lose its entire investment in us if our initial business combination is not completed.

When you consider the recommendation of the FututeTech Board in favor of approval of the Business Combination Proposal, you should keep in mind that the Sponsor and FutureTech’s directors and officers have interests in such proposal that are different from, or in addition to, those of FutureTech stockholders and warrant holders generally. The members of the FutureTech Board were aware of and considered these interests when approving the Merger Agreement and recommending that FutureTech stockholders approve the Business Combination. The members of the FutureTech Board determined that the overall benefits expected to be received by FutureTech and its stockholders outweighed any potential risk created by the conflicts stemming from these interests. In consideration of the interests set forth below, FutureTech’s directors and officers also engaged an independent investment banking firm that rendered an opinion with respect to the fairness of the Merger Consideration to FutureTech and its unaffiliated stockholders from a financial point of view, which the members of the FutureTech Board factored into their decision to approve the Merger Agreement. For more information regarding the opinion, see the section titled “ Proposal No. 1 — The Business Combination Proposal — Opinion of Newbridge.” Additionally, the members of the FutureTech Board determined that these interests could be adequately disclosed to stockholders in this proxy statement/prospectus and that FutureTech stockholders could take them into consideration when deciding whether to vote in favor of the proposals set forth herein. These interests include, among other things, the interests listed below:

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Prior to FutureTech’s initial public offering, the Sponsor Persons purchased 2,875,000 shares of Class B Common Stock for an aggregate purchase price of $25,000, or approximately $0.009 per share, and Sponsor later transferred 50,000 shares of Class B Common Stock to FutureTech’s independent directors and former Chief Financial Officer, and transferred 380,000 shares of Class B Common Stock to FutureTech’s current Chief Executive Officer/Chief Financial Officer who is also the Chairman of FutureTech Board. On February 4, 2025, all 2,875,000 shares of Class B Common Stock were converted into non-redeemable shares of Class A Common Stock on a one-for-one basis, maintaining all transfer restrictions placed on the 2,875,00 shares of Class