Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 1133

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 5
Chunk 1133
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Before
February 26, 2025, our units, public shares and public warrants were each traded on the Nasdaq Capital Market under the symbols “FTIIU,”
“FTII” and “FTIIW,” respectively. Our units commenced public trading on February 16, 2022. Our Class B common
stock is not listed on any exchange. Since February 26, 2025, our securities are quoted on the over-the-counter market under the symbols
“FTIIU,” “FTII” and “FTIIW,” respectively.

Holders
of Record

As
of March 31, 2025, there were approximately 4,289,961 shares of Class A Common Stock, $0.0001 par value per share, issued and outstanding,
owned by eleven (11) holders of record, consisting of 779,886 redeemable public shares, 2,875,000 non-redeemable founder shares, 115,000
representative shares, and 520,075 Private Placement Shares; and there were zero (o) shares of Class B Common Stock, $0.0001 par value
per share, issued and outstanding. As of March 31, 2025, there were two (2) holders of record of our units, eleven (11) holders of record of our Class A common stock, and 1
holder of record of our warrants. A substantially greater number of holders of Class A common stock are “street name” or beneficial
holders, whose shares of record are held by banks, brokers, and other financial institutions. As a result, we are unable to estimate the
total number of stockholders represented by the record holders of our common stock.

Dividends

We
have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial
business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements
and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent
to our initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors
is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur
any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive
covenants we