Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 54

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 54
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5.

On
February 12, 2025, the Company received a letter from Nasdaq stating that the Company had regained compliance with the listing rules
and the matter is now closed.

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 our securities were now subject to 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