Company: FTII
Filing Date: 2025-07-31
Form Type: DEF 14A
Source: 0001641172-25-021616
Chunk: 45

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-07-31
Form: DEF 14A
Chunk 45
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 business combination by August 18, 2025, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter subject to lawfully available funds therefor, redeem the Offering Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account not previously released to the Company to pay its taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding Offering Shares, which redemption will completely extinguish rights of the public stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Board in accordance with applicable law, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under the DGCL to provide for claims of creditors and the requirements of other applicable law.

FutureTech’s initial stockholders have waived their rights to participate in any liquidation distribution with respect to their founder shares. There will be no distribution from the Trust Account with respect to FutureTech’s warrants which will expire worthless in the event we wind up. FutureTech will pay the costs of liquidation from its remaining assets held outside of the Trust Account.

If the Charter Amendment Proposal is not approved, the Company will not effect the Extension, and in the event the Company does not complete a business combination on or before August 18, 2025, the Trust Account will be liquidated and distributed to the public stockholders on a pro ratabasis as described above.

If the Charter Amendment Proposal Is Approved

If the Charter Amendment Proposal is approved, FutureTech will file an amendment to the charter with the Secretary of State of the State of Delaware in the form of Annex Ahereto. FutureTech will have the option to extend the time it has to consummate a business combination for an additional twelve months, from August 18, 2025 (the “Termination Date”) to up to August 18, 2026, by electing to extend the date to consummate an initial business combination on a monthly basis for up to twelve times by an additional one month each time after the Termination Date, until August 18, 2026 or a total of up to