Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 113

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 an initial
business combination by February 14, 2025 and seeks to extend beyond such 36-month period, such extension would violate Nasdaq IM-5101-2.
Effective on October 7, 2024, Nasdaq Rule 5815 was amended to provide for the immediate suspension and delisting upon issuance of a delisting
determination letter to an issuer for failure to meet the requirements of Nasdaq IM5101-02. Accordingly, the Company will face immediate
suspension and delisting of its securities once the Company receives a delisting determination letter from Nasdaq after the 36-month
window ends on February 14, 2025. Pursuant to Nasdaq Rule 5815, as amended, Nasdaq may only reverse its delisting determination if it
finds that it made a factual error in applying Nasdaq Rule 5815, as amended. If Nasdaq delists the Company’s securities from trading
on its exchange and the Company is not able to list its securities on another national securities exchange, we expect the Company’s
securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences,
including our ability to consummate the Business Combination; reduced liquidity for our securities; a limited availability of market
quotations for our securities; a determination that our shares of common stock are a “penny stock” which will require brokers
trading in our shares of common stock to adhere to more stringent rules and possibly result in a reduced level of trading activity in
the secondary trading market for our securities; a decreased ability to issue additional securities or obtain additional financing in
the future; a limited amount of news and analyst coverage; and becoming a less attractive merger partner for a target company or business.
We also note that if Nasdaq delists the Company’s securities from trading on its exchange and the Company is not able to list its
securities on another national securities exchange, it may affect the Company’s ability to consummate its planned Business Combination
with Longevity.

In
addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity or debt financing which
may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing
being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy
and the specific impact on the Company’s financial position, results