Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 137

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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Extension Redeeming Shareholders”) properly exercised their right to redeem such shares and were tendered such shares for redemption.

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”). 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 founders’ shares and is not subject to redemption and will be subject to transfer restrictions.
As of the date of this filing, there is zero (0) issued and outstanding shares of Class B Common Stock of the Company.

Extension
Loans

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. On November 20,
2024, the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company 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, the
Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company 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, the Company
caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has
to consummate its initial Business Combination from January 18, 2025 to February 18, 2025.

Overpayment
in Redemption of the First Extension Redeeming Stockholders and Second Extension Redeeming Shareholders

In
connection with the First Extension Meeting, on August