Company: FTII
Filing Date: 2025-01-21
Form Type: 10-Q/A
Source: 0001493152-25-003104
Chunk: 27

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-21
Form: 10-Q/A
Chunk 27
---
 addition, the Company issued EF Hutton and/or its designees, 115,000shares of Class A common stock upon the consummation of the Initial Public Offering.

Right of First Refusal

For a period beginning on the closing of the Initial Public Offering and ending twenty-four (24) months from the closing of a Business Combination, the Company granted EF Hutton, division of Benchmark Investments, LLC a right of first refusal to act as lead-left book running manager and lead left manager for any and all future private or public equity, convertible and debt offerings during such period.

Note 8 - Stockholders’ Deficit

Preferred Shares- The Company is authorized to issue 1,000,000preferred shares with a par value of $ 0.0001per share with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. At June 30, 2024 and December 31, 2023, there were nopreferred shares issued or outstanding.

Class A Common Stock- The Company is authorized to issue 100,000,000shares of Class A common stock with a par value of $ 0.0001per share. Holders of the Company’s Class A common stock are entitled to one vote for each share.At June 30, 2024 and December 31, 2023, there were 635,075shares of Class A common stock issued and outstanding, which included 115,000representative shares and excludes shares subject to possible redemption. As of June 30, 2024 and December 31, 2023, there were 2,319,435shares and 5,556,350shares subject to possible redemption, respectively, of Class A common stock that were classified as temporary equity in the accompanying unaudited condensed balance sheets.

| F-14 |

Note 8 - Stockholders’ Deficit (Continued)

Class B Common Stock -The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Company’s Class B common stock are entitled to one vote for each share.At June 30, 2024 and December 31, 2023, there were 2,875,000shares of Class B common stock issued and outstanding.

Only holders of the Class B common stock will have the right to vote on the election of directors prior to the Business Combination. Holders of Class