Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 67

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 67
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 Forma Condensed Combined Financial Information of FutureTech and Longevity.”

The Sponsor Persons have agreed to vote in favor of the Business Combination, regardless of how FutureTech’s public stockholders vote.

Unlike some other blank check companies in which the initial stockholders agree to vote their founder shares in accordance with the majority of the votes cast by the public stockholders in connection with an initial business combination, the Sponsor Persons have agreed to, among other things, vote in favor of the Merger Agreement and the transactions contemplated thereby. As of the date of this proxy statement/ prospectus, the Sponsor Persons own approximately 79.1% of the issued and outstanding shares of FutureTech Common Stock.

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FutureTech may not be able to complete the Business Combination or any other business combination within the prescribed timeframe, in which case FutureTech would cease all operations, except for the purpose of winding up, and FutureTech would redeem the Class A Common Stock and liquidate.

FutureTech initially had until August 18, 2023 to consummate an initial business combination. On August 17, 2023, FutureTech held a Special Meeting of stockholders (the “First Extension Meeting”). At the First Extension Meeting, the stockholders approved amendments to FutureTech’s Amended and Restated Certificate of Incorporation (the “First Extension Amendment”) to, among other things, extend the date by which FutureTech must (i) consummate an initial business combination; (ii) cease its operations, except for the purpose of winding up, if it fails to complete such initial business combination; and (iii) redeem 100% of the public shares, from August 18, 2023 to February 18, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to six times by an additional one month each time, unless the closing of FutureTech’s initial business combination has occurred, without the need for any further approval of FutureTech’s stockholders, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account for each such one- month extension (the “First Extension Loan”) the lesser of (a) an aggregate of $125,000 or (b) $0.04 per public share that remains outstanding and is not redeemed prior to any such one-month extension, unless the closing of FutureTech’s initial business combination has occurred, in exchange for a non-interest bearing promissory note payable upon consummation of an initial