Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 33

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 33
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4, there were no preferred shares issued or outstanding.

Class
A Common Stock - The Company is authorized to issue 100,000,000 shares of Class A common stock with a par value of $0.0001 per
share. Holders of the Company’s Class A common stock are entitled to one vote for each share. At June 30, 2025 and December 31,
2024, there were 3,510,075 shares of Class A common stock issued and outstanding, respectively, which included 115,000 representative
shares and excludes shares subject to possible redemption. As of June 30, 2025 and December 31, 2024, there were 779,886 shares subject
to possible redemption, respectively, of Class A common stock that were classified as temporary equity in the accompanying unaudited
and audited condensed balance sheets.

    F-19

Note
7 - Stockholders’ Deficit (Continued)

Class
B Common Stock - The Company is authorized to issue 10,000,000 shares of Class B common stock with a par value of $0.0001
per share. Holders of the Company’s Class B common stock are entitled to one vote for each share. At June 30, 2025 and December
31, 2024, there were no shares of Class B common stock issued and outstanding, respectively.

At
the Third Extension Meeting held on November 18, 2024, stockholders approved by requisite votes to amend the Charter to provide for the
right of the holders of Class B common stock, par value $0.0001 per share, to convert such shares of Class B common stock into shares
of Class A common stock, par value $0.0001 per share, on a one-to-one basis at the election of such holders (the “Founder Share
Amendment Proposal”). Following approval of the Founder Share Amendment Proposal by the Stockholders, on November 21, 2024, the
Company promptly adopted and filed the Charter Amendment with the Secretary of State of the State of Delaware, and all holders of Class
B Common Stock elected to convert their shares of Class B Common Stock to shares of Class A Common Stock on a one-to-one basis (the “Converted
Class A Common Stock”). The Company and the holders of 2,875,000 shares of Class B Common Stock submitted required instruments
to the Company’s transfer agent and on February 4, 2025, all of