Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 725

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1B
Chunk 725
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 these shares
of Class B common stock will automatically convert into Class A common stock at the time of a Business Combination, or earlier at the
option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock (other
than founder shares), or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering
and related to the closing of a Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class
A common stock will be adjusted (unless the holders of a majority of the then-outstanding shares of Class B common stock agree to waive
such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon
conversion of all shares of Class B common stock plus the number of shares of Class A common stock issued as founder shares upon conversion
of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common
stock outstanding upon the completion of Initial Public Offering plus all shares of Class A common stock and equity-linked securities
issued or deemed issued in connection with a Business Combination (net of the number of shares of Class A common stock redeemed in connection
with a Business Combination), excluding any shares or equity-linked securities issued or issuable to any seller of an interest in the
target to the Company in a Business Combination. With respect to the Converted Class A Common Stock, the Sponsor has waived its anti-dilution
rights pursuant to the Merger Agreement.

Warrants
- The Public Warrants will become exercisable 30 days after the completion of a Business Combination. The Public Warrants will
expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The
Company will not be obligated to deliver any shares of Class A common stock pursuant to the exercise of a warrant and will have no obligation
to settle such warrant exercise unless a registration statement under the Securities Act covering the issuance of the shares of Class
A common stock issuable upon exercise of the warrants is then effective and a current prospectus relating to those shares of Class A
common stock is available, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from
registration is available. No warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to