Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 413

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 413
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 by a U.S. person and we do not believe that either we or the Sponsor constitute a “foreign
person” under CFIUS rules and regulations. Our Sponsor owns approximately 69.1% of our outstanding shares. In addition, our PIPE
Investor (defined below) is not a U.S. person; however, the PIPE Investor will not own more than 5% of the post-closing company after
the Closing of the Merger with Longevity and the PIPE Investor shall not have governance or decision-making right. Certain companies
requiring federal-issued licenses in the United States, such as broadcasters and airlines, may be subject to rules or regulations that
limit foreign ownership. In addition, CFIUS is an interagency committee authorized to review certain transactions involving foreign investment
in the United States by foreign persons in order to determine the effect of such transactions on the national security of the United
States. Therefore, because we may be considered a “foreign person” under such rules and regulations, we could be subject
to foreign ownership restrictions and/or CFIUS review if our proposed business combination is between us and a U.S. target company engaged
in a regulated industry or which may affect national security. The scope of CFIUS was expanded by the Foreign Investment Risk Review
Modernization Act of 2018 (“FIRRMA”) to include certain non-passive, non-controlling investments in sensitive U.S. businesses
and certain acquisitions of real estate even with no underlying U.S. business. FIRRMA, and subsequent implementing regulations that are
now in force, also subject certain categories of investments to mandatory filings. Therefore, if our potential initial business combination
with a U.S. target company falls within the scope of foreign ownership restrictions, we may be unable to consummate a business combination
with such target company. In addition, if our potential business combination falls within CFIUS’s jurisdiction, we may be required
to make a mandatory filing or determine to submit a voluntary notice to CFIUS, or to proceed with the initial business combination without
notifying CFIUS and risk CFIUS intervention, before or after closing the initial business combination. CFIUS may decide to block or delay
our initial business combination, impose conditions to mitigate national security concerns with respect to such initial business combination
or order us to divest all or a portion of a U.S. business of the combined company if we had proceeded without first obtaining CFIUS clearance.
The foreign ownership limitations, and