Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 318

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 318
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,549 public shares of our Class A common stock properly exercised
their right to redeem their shares for cash at a redemption price of approximately $11.01 per share as disclosed. It was later determined
that $11.01 was not the correct redemption price, and the Company is working on calculating the actual redemption price for the Third
Extension and intends to disclose it by filing a Current Report on Form 8-K as soon as it is available.

On
November 20, 2024, the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the
period of time it has to consummate its initial Business Combination from November18, 2024 to December 18, 2024. On December 18, 2024,
the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it
has to consummate its initial Business Combination from December 18, 2024 to January 18, 2025. On January 18, 2025, the Company caused
to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from January 18, 2025 to February 18, 2025.

As of September 30, 2024,
there was $3,300,000 outstanding under the FTII Extension Loans from the Sponsor. As of January 27, 2025, there is approximately
$3,400,000 outstanding under the FTII Extension Loans from the Sponsor.

Recent Developments

Nasdaq Notice

As
previously disclosed, on October 16, 2023, the Company received a written notice from the Listing Qualifications Department (the “Staff”)
of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that we were not in compliance with Nasdaq Listing Rule 5450(a)(2) (the
“Minimum Total Holders Rule”), which requires the Company to have at least 400 total holders for continued listing on The
Nasdaq Global Market. In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company submitted a plan to regain compliance with the
Minimum Total Holders Rule (the “Plan”).

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On
February 27, 2024, the Company received a written notice (the “Notice”) indicating that the Staff