Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 457

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 457
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 each case, if, subsequent to a Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of FutureTech’s stockholders having the right to exchange their FutureTech Common Stock for cash, securities or other property.

On November 22, 2024, in connection with the Third Extension Meeting, all holders of shares of Class B Common Stock elected to convert such shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis. On February, 4, 2025, FutureTech and these holders effected such conversion by delivering the required instructions to FutureTech’s transfer agent.

Original Sponsor Letter Agreement

In connection with FutureTech’s initial public offering, FutureTech, its officers and directors, and certain securityholders thereof entered into a letter agreement, pursuant to which, each party thereto agreed to waive certain of their redemption rights, transfer rights and liquidation rights with respect to their FutureTech securities subject to the conditions set forth therein. Additionally, the parties thereto agreed to waive their redemption rights with respect to any Class A Common Stock they may own. The parties agreed (i) to vote their FutureTech Common Stock in favor of the adoption of any proposed Business Combination and the accompanying transaction and (ii) if FutureTech engages in a tender offer in connection with a proposed Business Combination, to not seek to sell any shares of owned Class A Common Stock to FutureTech in connection with such tender offer. Additionally, each party thereto has agreed to certain standstill obligations, in each case on terms and subject to the conditions set forth therein.

The letter agreement will terminate upon the earlier to occur of, (x) the expiration of the Lock-Up Periods (as defined therein) and (y) the liquidation of the Company.

Sponsor Support Agreement

In connection with the execution of the Merger Agreement, FutureTech, Longevity and the Sponsor have entered into a Voting and Support Agreement (the “Sponsor Support Agreement”). The Sponsor Support Agreement provides that Sponsor agrees, among other things, (i) to vote in favor of the proposed transactions contemplated by the Merger Agreement, (ii) to appear at the special meeting of the stockholders of the Company for purposes of constituting a quorum, (iii) to vote against any proposals that would materially impede the proposed transactions contemplated by the Merger Agreement, (iv) to not redeem any FutureTech Common Stock held by it that may be redeemed and (v) to waive