Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 191

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 10
Chunk 191
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or $5,200,750 in the aggregate), from the Company. The Sponsor transferred $5,200,750 to the Trust
Account on February 16, 2022.

The
proceeds from the sale of the Private Placement Units were added to the net proceeds from the Initial Public Offering held in the Trust
Account. The warrants included in the Private Placement Units (the “Private Placement Warrants”) are identical to the warrants
sold in the Initial Public Offering, except as described in Note 7. If the Company does not complete a Business Combination within the
required period, the Private Placement Warrants will expire worthless.

    F-16

Note
5 - Related Party Transactions

Class
B Common Stock

On
October 8, 2021, the Company issued an aggregate of 2,875,000 shares of Class B common stock to the Sponsor for an aggregate purchase
price of $25,000 in cash, or approximately $0.009 per share. Such Class B common stock includes an aggregate of up to 375,000 shares
that were subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in
full or in part, so that the Sponsor would collectively own 20% of the Company’s issued and outstanding shares after the Initial
Public Offering (assuming the initial stockholders did not purchase any Public Shares in the Initial Public Offering and excluding the
Private Placement Units and underlying securities).

The
initial stockholders have agreed not to transfer, assign or sell any of the Class B common stock (except to certain permitted transferees)
until the earlier of (i) one year after the date of the consummation of a Business Combination, or (ii) the date on which the closing
price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations
and recapitalizations) for any 20 trading days within any 30-trading day period commencing six months after a Business Combination, or
earlier, in each case, if, subsequent to a Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange
or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock
for cash, securities or other property.

On
November 18, 2024, the Company held a special stockholder meeting (the “Third Extension Meeting”) following the