Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 462

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 462
---
 approved.

Amended & Restated Registration Rights Agreement

FutureTech entered into a Registration Rights Agreement with respect to the FutureTech Private Placement Units, the shares of Class A Common Stock and FutureTech Private Placement Warrants underlying the FutureTech Private Placement Units, and the shares of Class A Common Stock issuable upon exercise of the FutureTech Private Placement Warrants and upon conversion of the Class B Common Stock. Pursuant to the Registration Rights Agreement, certain FutureTech stockholders and their permitted transferees can demand that FutureTech register the shares of Class A Common Stock into which the Class B Common Stock converted on November 22, 2024. Holders of the FutureTech Private Placement Units and their permitted transferees can demand that FutureTech register the FutureTech Private Placement Units, the shares of Class A Common Stock and FutureTech Private Placement Warrants underlying the FutureTech Private Placement Units, and the shares of Class A Common Stock issuable upon exercise of the FutureTech Private Placement Warrants. The holders of these securities are entitled to make up to three demands, excluding short form demands, that FutureTech register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the consummation of the initial business combination. FutureTech will bear the expenses incurred in connection with the filing of any such registration statements.

The Merger Agreement contemplates that, at the Closing, FutureTech, the Sponsor and certain significant Holders (as defined therein) will enter into an amended and restated registration rights agreement, which, among other things, will provide for the registration of certain shares of FutureTech Common Stock held by Sponsor and such significant Holders for resale.

Compensation

None of FutureTech’s executive officers or directors have received any cash compensation for services rendered to FutureTech. In addition, the Sponsor, FutureTech’s executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on FutureTech’s behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. FutureTech’s audit committee reviews on a quarterly basis all payments that were made by FutureTech to the Sponsor, FutureTech’s executive officers or directors, or their affiliates. Any such payments prior to a business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, FutureTech does not expect to have any additional controls in place governing FutureTech’s reimbursement payments to its directors and executive officers for