Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 437

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 437
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 at the opening of business on February 26, 2025, and a Form 25-NSE will be filed with the SEC
which will remove the Company’s securities from listing on Nasdaq.

The
Company did not appeal Nasdaq’s determination to delist the Company securities and accordingly, the Company’s securities
was suspended from trading on Nasdaq at the opening of business on February 26, 2025. On February 25, 2025, the Company received a letter
of approval from FINRA to begin trading over the counter with the symbols “FTII” “FTIIU” and “FTIIW”
commencing on February 26, 2025.

The
Company expects that Nasdaq will file a Form 25-NSE with the SEC to delist its securities, and that the delisting will become effective
ten (10) days after Nasdaq files the Form 25-NSE with the SEC to complete the delisting. The Company does not intend to file a Form 15 with
the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended, and expects that the Company’s
securities will be quoted on the over-the-counter market. In addition, as disclosed in the Registration/Proxy Statement on Form S-4 filed
with the SEC on February 14, 2025, the Company intends to make a listing application for the securities of the combined company to be
traded on Nasdaq.

20

Recent
Developments

Form
S-4

On
February 14, 2025, the Company filed with the SEC an initial Form S-4 (Registration/Proxy Statement) regarding the Merger Agreement.
The Company’s S-4 can be accessed on the EDGAR section of the SEC’s website at www.sec.gov.

PIPE
Subscription Agreement

On
December 13, 2024, the Company entered into a Subscription Agreement (the “Subscription Agreement”) with Yuantian
Zhang (the “Investor”), pursuant to which, among other things, the Investor agreed to subscribe for and purchase,
and the Company agreed to issue and sell to the Investor, 1,000,000 shares of the Company’s Class A Common Stock at a purchase
price equal to $5.00 per share (the “Private Placement”) in connection with a financing effort related to the Merger Agreement.
The effectiveness of the Subscription Agreement is conditioned upon entering into an escrow agreement between the