Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 461

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 461
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 representing $0.002 per public share, allowing FutureTech to extend the period of time it has to consummate its initial Business Combination by one month from September 18, 2024 to October 18, 2024. On November 20, 2024, FutureTech caused to be deposited $37,744 into the Trust Account, allowing FutureTech to extend the period of time it has to consummate its initial Business Combination from November18, 2024 to December 18, 2024. On December 18, 2024, FutureTech caused to be deposited $37,744 into the Trust Account, allowing FutureTech to extend the period of time it has to consummate its initial Business Combination from December 18, 2024 to January 18, 2025. On January 18, 2025, FutureTech caused to be deposited $37,744 into the Trust Account, allowing FutureTech to extend the period of time it has to consummate its initial Business Combination from January 18, 2025 to February 18, 2025. (Each deposit made in connection with the extension of the business combination period is referred to as an “Extension Loan,’ and collectively, the “Extension Loans”).

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As of January 27, 2025, there was approximately $3,400,000 outstanding under the Extension Loans from the Sponsor. Each payment was made in the form of non-interest-bearing loans. If FutureTech completes its initial Business Combination, FutureTech will convert a portion or all of the total loan amount into units at a price of $10.00 per unit, which units will be identical to the private units. If FutureTech does not complete a Business Combination, FutureTech will repay such loans only from funds held outside of the Trust Account. Furthermore, the letter agreement among FutureTech and FutureTech’s officers, directors, and the Sponsor contains a provision pursuant to which the Sponsor will agree to waive its right to be repaid for such loans to the extent there is insufficient funds held outside of the Trust Account in the event that FutureTech does not complete a Business Combination. The Sponsor and its affiliates or designees are not obligated to fund the Trust Account to extend the time for FutureTech to complete the initial Business Combination. The public stockholders will not be afforded an opportunity to vote on the month-to-month extension of time to consummate an initial Business Combination during the Combination Period from 33 months to 42 months described above after the Extension is