Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 52

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 52
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 delisting. The Company’s registration statement, filed in connection with the Company’s
IPO, became effective February 14, 2022. Pursuant to IM-5101-2, the Company, a special purpose acquisition company, must complete one
or more business combinations within 36 months of the effectiveness of its IPO registration statement, or by February 14, 2025. Since the Company did not complete
its initial business combination by February 14, 2025, the Company did not comply with IM-5101-2, and its securities became subject to
delisting.

The Company did not appeal
Nasdaq’s determination to delist the Company securities and accordingly, the Company’s securities was 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-NSE 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, and expects that the Company’s securities
will be quoted on the over-the-counter market. In addition, as disclosed in the Registration/Proxy Statement on Form S-4 filed with the
SEC on February 14, 2025, the Company intends to make a listing application for the securities of the combined company to be traded on
Nasdaq.

 8 

Recent Developments

Zero Interest Convertible Notes

 On April 7, 2025, the Company signed
Zero Interest Convertible Notes dated April 4, 2025 and April 7, 2025 (each, a “Convertible Note,” and collectively, the “Convertible
Notes”) issued to Wuhao Zhang, Yujie Zhou, Wanrong Wang, Shouxiang Lu, Ji Wang and Gang Yuan (each, an “Investor,” and
collectively, the “Investors”), pursuant to which, among other things, the