Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 133

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 B Common Stock to shares of Class A Common Stock on a one-to-one basis (the “Converted Class A Common Stock”).
As of the date of this filing, there is no issued and outstanding shares of Class B Common Stock.

The
Converted Class A Common Stock remain as founders’ shares (the “Founders’ Shares) and is not subject to redemption
and will be subject to transfer restrictions. Only holders of the Class B common stock and the Founders’ Shares will have the
right to vote on the election of directors prior to the Business Combination. Holders of Class A common stock and holders of Class B
common stock will vote together as a single class on all matters submitted to a vote of the Company’s stockholders except as
otherwise required by law. In connection with the Company’s initial Business Combination, the Company may enter into a
shareholders agreement or other arrangements with the shareholders of the target or other investors to provide for voting or other
corporate governance arrangements that differ from those in effect upon completion of the Initial Public Offering.

The
shares of Class B common stock will automatically convert into Class A common stock at the time of a Business Combination, or earlier
at the option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock,
or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to
the closing of a Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common
stock will be adjusted (unless the holders of a majority of the then-outstanding shares of Class B common stock agree to waive such adjustment
with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of
all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all
shares of common stock outstanding upon the completion of Initial Public Offering plus all shares of Class A common stock and equity-linked
securities issued or deemed issued in connection with a Business Combination (net of the number of shares of Class A common stock redeemed
in connection with a Business Combination), excluding any shares or equity-linked securities issued or issuable to any seller of an interest
in the target to the Company in a Business Combination. With respect to the Converted Class A Common Stock, the Sponsor has waived its