Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 431

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 431
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 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. The Company is working on calculating the actual redemption price for the Third Extension and intends
to disclose it by filing a Current Report on Form 8-K and pay the Third Extension Redeeming Stockholders as soon as the price calculation
is available.

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 $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 December 18, 2024 to January 18, 2025. On January 18, 2025, 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