Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 8

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 8
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 shares of
our Class A Common Stock and public warrants were suspended from trading on Nasdaq on February 26, 2025 due to the
Company’s violation of Nasdaq IM-5101-2. Nasdaq IM-5101-2 requires that the Company, a special purpose acquisition company,
complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration
statement, which, in the case of the Company, would be February 14, 2025. If the Company is unable to complete an initial business
combination by February 14, 2025 and seeks to extend beyond such 36-month period, such extension would violate Nasdaq IM-5101-2.
Effective on October 7, 2024, Nasdaq Rule 5815 was amended to provide for the immediate suspension and delisting upon issuance of a
delisting determination letter to an issuer for failure to meet the requirements of Nasdaq IM5101-02. Accordingly, because the
Company could not consummate an initial business combination by February 14, 2025, on February 19, 2025, the Company received a
notice from the Nasdaq stating that the Company did not comply with Nasdaq Interpretive Material IM-5101-2, and that trading of the
Company’s securities on Nasdaq would be suspended at the opening of business on February 26, 2025, and a Form 25-NSE would be
filed with the SEC which will remove the Company’s securities from listing on Nasdaq. The Company did not appeal
Nasdaq’s determination to delist the Company securities and accordingly, the Company’s securities were suspended from
trading on Nasdaq at the opening of business on February 26, 2025. On February 25, 2025, the Company received a letter of approval
from FINRA to begin trading over the counter with the symbols “FTII” “FTIIU” and “FTIIW”
commencing on February 26, 2025. The Company expects that Nasdaq will file a Form 25-NSE with the SEC to delist its securities, and
that the delisting will become effective ten (10) days after Nasdaq files the Form 25 with the SEC to complete the delisting. The
Company does not intend to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange
Act of 1934, as amended,