Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 261

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 11
Chunk 261
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 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 December 31, 2024, there is 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 and equity-linked securities
issued or deemed issued in connection with a Business Combination