Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 46

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 46
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”, together with the First Charter Amendment
and the Second Charter Amendment, the “Charter Amendments”)), to extend the date by which we have to consummate a business
combination for an additional nine months up to August 18, 2025 by electing to extend the date to consummate an initial business combination
on a monthly basis for up to nine times by an additional one month each time until August 18, 2025 or a total of up to nine months, or
such earlier date as determined by the Board, unless the closing of our initial business combination shall have occurred, provided that
the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an aggregate amount equal to $0.05 multiplied
by the number of our public shares that are not redeemed for such extension unless the closing of our initial business combination shall
have occurred, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.
The Third Charter Amendment was filed as Exhibit 3.1 to the Form 8-K filed by the Company on November 22, 2024.

In
connection with the votes to approve the Third Charter Amendment, on November 18, 2024, the holders of 1,564,549 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 in the Proxy Statement. The holders of 25,000 public shares of our Class A common stock subsequently reversed their
redemption request and the Company accepted such reversals. As a result, as of the date of this filing, 1,539,649 public shares of our
Class A common stock exercised their right to redeem their shares (the “Third Extension Redeeming Stockholders”) in connection
with the Third Charter Amendment. On March 26, 2025, the Company paid an aggregate redemption amount of approximately $17,400,674.26
(the “Third Redemption Payment”) the Third Extension Redeeming Stockholder at approximately $11.30 per share.

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