Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 53

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 53
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875,000 shares of Class
B Common Stock to 2,875,000 shares of Class A Common Stock. As a result, as of December 3, 2024, the Company has approximately 5,305,595
shares of issued and outstanding listed securities.

As
disclosed in a Form 12b-25 Notification of Late Filing filed with the SEC on November 15, 2024, the Company is delayed in filing its
Quarterly Report on Form 10-Q for the quarter ended September 31, 2024 (the “2024 Q3 10-Q”) with the SEC. Consequently, the
Company received an expected deficiency notification letter from the Staff of Nasdaq dated November 27, 2024 (the “Third Notice”).
The Third Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Periodic Filing Rule”)
as a result of its failure to timely file the 2024 Q3 10-Q. The Staff also noted that this serves as an additional basis for delisting
the Company’s securities from Nasdaq and since the Company is already scheduled to appear before a Hearings Panel for its failure
to comply with the Nasdaq Listing Rule 5420(a)(2), the Company has until December 4, 2024 to request a stay of suspension, pending a
Hearings Panel decision. In addition, the Staff noted that based on the Company disclosure that 1,564,549 shares were tendered for redemption
in connection with the special meeting on November 18, 2024, the Company no longer complies with the minimum 1,100,000 publicly held
shares requirement set forth in Listing Rule 5450(b)(2)(B) (the “Publicly Held Shares Rule”).

On
December 4, 2024, the Company timely submitted a letter requesting a stay of suspension. On December 9, 2024, the Company submitted an
updated information regarding the total number of listed securities and the total number of public shares and related information via
Nasdaq Listing Center. The Hearing was held on December 17, 2024.

On
January 15, 2024, the Company received a decision letter from the Panel stating that it grants the Company’s request for continued
listing on Nasdaq, provided that the demonstrates compliance with the Periodic Filing Rule on or before January 31, 202