Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 34

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 34
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 2,875,000 shares of Class B Common Stock were converted to 2,875,000
shares of Class A Common Stock that are non-redeemable and are subject to same transfer restrictions. As of June 30, 2025 and December
31, 2024, there are no issued and outstanding shares of Class B Common Stock.

The
Converted Class A Common Stock remain as founders’ shares (the “Founders’ Shares) and is not subject to redemption
and will be subject to transfer restrictions and lock-up obligations. Only holders of the Class B common stock and the Founders’
Shares will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A common stock and
holders of Class B common stock will vote together as a single class on all matters submitted to a vote of the Company’s stockholders
except as otherwise required by law. In connection with the Company’s initial Business Combination, the Company may enter into
a shareholders agreement or other arrangements with the shareholders of the target or other investors to provide for voting or other
corporate governance arrangements that differ from those in effect upon completion of the Initial Public Offering.

In
the case that additional shares of Class B Common Stock will be issued, pursuant to our Charter, these shares of Class B common stock
will automatically convert into Class A common stock at the time of a Business Combination, or earlier at the option of the holder, on
a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock (other than founder shares), or
equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the
closing of a Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common stock
will be adjusted (unless the holders of a majority of the then-outstanding shares of Class B common stock agree to waive such adjustment
with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of
all shares of Class B common stock plus the number of shares of Class A common stock issued as founder shares upon conversion of Class
B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock
outstanding upon the completion of Initial Public Offering plus all shares of Class A common stock