Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 110

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 110
---
 approval of any golden parachute payments not previously approved. The combined company will remain
an emerging growth company until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the closing
of the IPO, (b) in which the combined company has total annual gross revenue of at least $1.235 billion or (c) in which the combined company
is deemed to be a large accelerated filer, which means the market value of shares of the combined company’s common stock that are
held by non-affiliates exceeds $700.0 million as of the prior June 30, and (2) the date on which the combined company has issued more
than $1.0 billion in non-convertible debt during the prior three-year period.

In addition,
under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards until such time as those standards
apply to private companies. The combined company expects to use this extended transition period for complying with new or revised accounting
standards and, therefore, the combined company will not be subject to the same new or revised accounting standards as other public companies
that are not emerging growth companies.

Following the
Business Combination, we will also be a smaller reporting company as defined in the Exchange Act. Even after the combined company no longer
qualifies as an emerging growth company, it may still qualify as a “smaller reporting company,” which would allow it to take
advantage of many of the same exemptions from disclosure requirements including exemption from compliance with the auditor attestation
requirements of Section 404 and reduced disclosure obligations regarding executive compensation in this proxy statement/prospectus and
the combined company’s periodic reports and proxy statements. The combined company will be able to take advantage of these scaled
disclosures for so long as its voting and non-voting common stock held by non-affiliates is less than $250.0 million measured on the last
business day of its second fiscal quarter, or our annual revenue is less than $100.0 million during the most recently completed fiscal
year and its voting and non-voting common stock held by non-affiliates is less than $700.0 million measured on the last business day of
its second fiscal quarter.

The combined
company cannot predict if investors will find its common stock less attractive because the combined company may rely on these exemptions.
If some investors find the combined company’s common stock less attractive as a result, there may be a less active trading market