Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 144

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 144
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 of time it has to consummate its initial Business Combination from July 18, 2024 until August 18, 2024. On
August 18, 2024, the Company caused to be deposited $50,000 into the Company’s Trust Account, allowing the Company to extend the
period of time it has to consummate its initial Business Combination from August 18, 2024 to September 18, 2024. On September 18, 2024,
the Company caused to be deposited $50,000 into the Company’s Trust Account, allowing the Company to extend the period of time
it has to consummate its initial Business Combination from September 18, 2024 to October 18, 2024. On October 18, 2024, the Company caused
to be deposited $50,000 into the Company’s Trust Account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from October 18, 2024 to November 18, 2024. 

As
approved by its stockholders at the Third Extension Meeting held on November 18, 2024, we filed an amendment to the Charter with the
Delaware Secretary of State on November 21, 2024 (the “Third Charter Amendment”), to extend the date by which we have to
consummate a business combination for an additional nine months up to August 18, 2025 by electing to extend the date to consummate an
initial business combination on a monthly basis for up to nine times by an additional one month each time until August 18, 2025 or a
total of up to nine months, or such earlier date as determined by the Board, unless the closing of our initial business combination shall
have occurred, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an aggregate
amount equal to $0.05 multiplied by the number of our public shares that are not redeemed for such extension unless the closing of our
initial business combination shall have occurred, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation
of a business combination. The Third Charter Amendment was filed as Exhibit 3.1 to the Form 8-K filed by the Company on November 22,
2024.

In
connection with the votes to approve the Third Charter Amendment, the holders of 1,564,549 public shares of our Class A common stock