Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 850

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 850
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 the
proposed transactions. For such information, please see Longevity Disclosure Statements.

Class
B Common Stock

Immediately
following the Third Extension Meeting and filing of the Third Charter Amendment with the Secretary of State of the State of Delaware,
on November 22, 2024, the holders of shares of Class B Common Stock unanimously elected to convert all of their shares of Class B Common
Stock to shares of Class A Common Stock on a one-to-one basis. As a result, all of 2,875,000 shares of Class B Common Stock issued and
outstanding have been converted to 2,875,000 shares of Class A Common Stock (the “Converted Class A Common Stock”) effective
November 21, 2024. Although for the purposes of Nasdaq listing standard, the Converted Class A Common Stock is considered as listed securities,
the Converted Class A Common Stock shall remain as founder shares and is not subject to redemption and subject to transfer restrictions
and lock-up obligations. On February 4, 2025, the Company and the holders effected such conversion by delivering the required instructions
to the Company’s transfer agent. As of the date of this filing, there is zero (0) issued and outstanding shares of Class B Common
Stock of the Company.

Compliance
with Nasdaq Listing Standards

As
previously disclosed, on April 23, 2024, the Company received a written notice (the “Notice”) from the Staff of Nasdaq Stock
Market LLC (the “Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market
Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global
Market (the “Market Value Standard”) pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “Rule”). The Staff also
noted that the Company did not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the “Total Assets/Total Revenue Standard”).
An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com
and may be displayed by other third-party providers of market data information, however, the Notice did not impact the listing of the
Company’s securities on The Nasdaq Global Market at this time.

The
Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company had a period of