Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 94

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 94
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 loss.

FutureTech’s stockholders will be entitled to receive funds from the Trust Account only: (i) in connection with a stockholder vote to amend the Amended and Restated Certificate of Incorporation (A) to modify the substance or timing of FutureTech’s obligation to provide holders of Class A Common Stock the right to have their shares redeemed in connection with an initial business combination or to redeem 100% of the Class A Common Stock if FutureTech does not complete an initial business combination by the Extended Date, or either (i) such earlier date as determined by the Directors or (ii) such later time as the Members may approve in accordance with the Amended and Restated Certificate of Incorporation, or (B) with respect to any other provision relating to the rights of stockholders or pre-business combination activity, (ii) in connection with the redemption of all of the issued and outstanding shares of Class A Common Stock if FutureTech is unable to complete an initial business combination by the Extended Date, subject to applicable law and as further described herein, and (iii) if FutureTech’s stockholders redeem their respective shares for cash upon the completion of the Business Combination. In addition, if FutureTech plans to redeem the Class A Common Stock because FutureTech is unable to complete a business combination by the Extended Date, for any reason, compliance with Delaware law may require that FutureTech submit a plan of dissolution to FutureTech’s then-existing stockholders for approval prior to the distribution of the proceeds held in the Trust Account. In that case, FutureTech’s stockholders may be forced to wait beyond the Extended Date, before they receive funds from the Trust Account. Accordingly, in order for FutureTech’s stockholders to liquidate their investment, they may be forced to sell their Class A Common Stock or FutureTech Public Warrants, potentially at a loss. See the section of this proxy statement/prospectus entitled “ Special Meeting of FutureTech — Redemption Rights.”

Even if the Business Combination is consummated, the public warrants may never be in the money, and they may expire worthless and the terms of the warrants may be amended in a manner adverse to a holder if holders of at least 51% of the then outstanding public warrants approve of such amendment.

The warrants were issued in registered form under a Warrant Agreement, dated February 18, 2022, by and between Continental, as warrant agent, and FutureTech. The Warrant Agreement provides that the terms of the warrants may be amended without the consent of any holder to cure