Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 739

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1C
Chunk 739
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 by restrictive
covenants we may agree to in connection therewith.

Securities
Authorized for Issuance Under Equity Compensation Plans

None.

Recent
Sales of Unregistered Securities

See
“Use of Proceeds from the Initial Public Offering” below.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

None.

Use
of Proceeds from the Initial Public Offering

On
February 18, 2022, we completed our Initial Public Offering of 11,500,000 units. Each Unit consists of one share of Class A common stock
and one redeemable warrant. Each Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price
of $11.50 per share. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $115,000,000.

13

On
February 18, 2022, simultaneously with the sale of the Units, the Company consummated the private sale of 520,075 Placement Units to
the Sponsor, generating gross proceeds of $5,200,750. The Placement Units were issued pursuant to Section 4(a)(2) of the Securities Act
of 1933, as amended, as the transactions did not involve a public offering.

No
payments for our expenses were made in the offering described above directly or indirectly to (i) any of our directors, officers or their
associates, (ii) any person(s) owning 10% or more of any class of our equity securities or (iii) any of our affiliates, except in connection
with the repayment of outstanding loans and pursuant to the administrative support agreement disclosed herein which we entered into with
our sponsor. There has been no material change in the planned use of proceeds from our offering as described in our final prospectus
filed with the SEC pursuant to Rule 424(b) related to the Initial Public Offering.

NASDAQ

As
previously disclosed, on April 23, 2024, the Company received a written notice (the “Notice”) from the Staff of Nasdaq Stock
Market LLC (the “Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market
Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global
Market (the “Market Value Standard”) pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the