Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 71

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 71
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 closing of our initial business combination shall have occurred, in exchange
for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination. The Third Charter Amendment
was filed as Exhibit 3.1 to the Form 8-K filed by the Company on November 22, 2024.

In connection with the votes
to approve the Third Charter Amendment, on November 18, 2024, the holders of 1,564,549 public shares of our Class A common stock properly
exercised their right to redeem their shares for cash at a redemption price of approximately $11.01 per share as disclosed in the Proxy
Statement. The holders of 25,000 public shares of our Class A common stock subsequently reversed their redemption request and the Company
accepted such reversals. As a result, as of the date of this filing, 1,539,649 public shares of our Class A common stock exercised their
right to redeem their shares (the “Third Extension Redeeming Stockholders”) in connection with the Third Charter Amendment.
On March 26, 2025, the Company paid an aggregate redemption amount of approximately $17,400,674.26 (the “Third Redemption Payment”)
the Third Extension Redeeming Stockholder at approximately $11.30 per share.

On November 20, 2024,
the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time
it has to consummate its initial Business Combination from November18, 2024 to December 18, 2024. On December 18, 2024, the Company
caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to
consummate its initial Business Combination from December 18, 2024 to January 18, 2025. On January 18, 2025, the Company caused to
be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from January 18, 2025 to February 18, 2025. On February 18, 2025, the Company caused to be
deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its
initial Business Combination from February 18,