Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 305

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 305
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 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 17,
2023, FutureTech held a Special Meeting of Stockholders (the “First Extension Meeting”). At the First Extension Meeting, the
stockholders approved (i) amendments to FutureTech’s Amended and Restated Certificate of Incorporation (the “First Charter
Amendment”) and (ii) amendment to the Investment Management Trust Agreement, dated as of February 18, 2022 (the “Trust Agreement”),
with Continental Stock Transfer & Trust Company (“Continental”), on August 17, 2023 (the “Trust Amendment”),
in order to, among other things, extend the date by which FutureTech must (i) consummate an initial business combination; (ii) cease its
operations, except for the purpose of winding up, if it fails to complete such initial business combination; and (iii) redeem 100% of
the public shares, from August 18, 2023 to February 18, 2024, by electing to extend the date to consummate an initial business combination
on a monthly basis for up to six times by an additional one month each time, unless the closing of FutureTech’s initial business
combination has occurred, without the need for any further approval of FutureTech’s stockholders, provided that the Sponsor (or
its affiliates or permitted designees) will deposit into the Trust Account for each such one- month extension (the “Extension Payment”)
the lesser of (a) an aggregate of $125,000 or (b) $0.04 per public share that remains outstanding and is not redeemed prior to any such
one-month extension, unless the closing of FutureTech’s initial business combination has occurred, in exchange for a non-interest
bearing promissory note payable upon consummation of an initial business combination.

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In connection with the First
Extension Meeting, stockholders holding 5,943,650 public shares exercised their right to redeem such shares the “