Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 851

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 851
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180 calendar days from the date
of the Notice, or until October 21, 2024 (the “Compliance Date”), to regain compliance with the Market Value Standard.

On
October 23, 2024, the Company received a notice from the Staff (the “Staff’s Determination”) stating that the Company
has not regained compliance with the Rule and the Company’s securities would be delisted from the Nasdaq Global Market unless the
Company requested an appeal of Staff’s Determination by October 30, 2024 or applied to list its securities on The Nasdaq Capital
Markets by October 30, 2024.

19

On
October 29, 2024, the Company timely appealed the Staff’s Determination and requested for a hearing (the “Hearing”)
to the Hearings Panel (the “Panel”). On October 30, 2024, the Company received a letter from Nasdaq stating that the delisting
action has been stayed, pending a final written decision by the Panel, and that the date of the Hearing will be December 17, 2024. The
letter also contained hearing instructions. On November 27, 2024, the Company timely submitted written materials setting forth grounds
for additional time to regain compliance or alternatively grant the Company’s application to transfer its shares to list on the
Nasdaq Capital Market. On November 27, 2024, the Company submitted an application to transfer from the Nasdaq Global Market to the Nasdaq
Capital Market. On December 11, 2024, the Company received an approval letter from Nasdaq, informing that the Company’s transfer
application has been approved and the Company’s securities will be transferred to the Nasdaq Capital Market at the opening of business
on December 13, 2024.

In
order to regain compliance with Nasdaq, the Company held the Third Extension Meeting on November 18, 2024 at which the stockholders approved
the Founder Share Amendment, and all holders of shares of Class B Common Stock promptly elected to convert all 2,875,000 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,