Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 1403

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 7
Chunk 1403
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 the closing of a Business Combination,
the Company granted EF Hutton, division of Benchmark Investments, LLC a right of first refusal to act as lead-left book running manager
and lead left manager for any and all future private or public equity, convertible and debt offerings during such period.

Note
7 - Stockholders’ Deficit

Preferred
Shares - The Company is authorized to issue 1,000,000 preferred shares with a par value of $0.0001 per share with such designation,
rights and preferences as may be determined from time to time by the Company’s Board of Directors. At December 31, 2024 and December
31, 2023, there were no preferred shares issued or outstanding.

Class
A Common Stock - The Company is authorized to issue 100,000,000
shares of Class A common stock with a par value of $0.0001
per share. Holders
of the Company’s Class A common stock are entitled to one vote for each share. At December 31, 2024 and December 31,
2023, there were 3,510,075 and 635,075
shares of Class A common stock issued and outstanding, respectively, which included 115,000
representative shares and excludes shares subject to possible redemption. As of December 31, 2024 and December 31, 2023, there were 779,886
shares and 5,556,350
shares subject to possible redemption, respectively, of Class A common stock that were classified as temporary equity in the
accompanying balance sheets.

    F-20

Note
7 - Stockholders’ Deficit (Continued)

Class
B Common Stock - The Company is authorized to issue 10,000,000
shares of Class B common stock with a par value of $0.0001
per share. Holders
of the Company’s Class B common stock are entitled to one vote for each share. At December 31, 2024 and December 31,
2023, there were 0 and 2,875,000
shares of Class B common stock issued and outstanding, respectively.

At
the Third Extension Meeting held on November 18, 2024, stockholders approved by requisite votes to amend the Charter to provide for the
right of the holders of Class B common stock, par value $0.0001 per share, to convert such shares of Class B common stock into shares
of Class A common stock,