Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 62

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 9B
Chunk 62
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 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, par value $0.0001 per share, on a one-to-one basis at the election of such holders (the “Founder Share
Amendment Proposal”). Following approval of the Founder Share Amendment Proposal by the Stockholders, on November 21, 2024, the
Company promptly adopted and filed the Charter Amendment with the Secretary of State of the State of Delaware, and all holders of Class
B Common Stock elected to convert their shares of Class B Common Stock to shares of Class A Common Stock on a one-to-one basis (the “Converted
Class A Common Stock”). The Company and the holders of 2,875,000 shares of
Class B Common Stock submitted required instruments to the Company’s transfer agent and on February 4, 2025, all of 2,875,000 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