Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 315

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 315
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 November 18, 2023 to December 18,
2023. On December 18, 2023, the Company caused to be deposited $125,000 into the Company’s Trust Account, allowing the Company to
extend the period of time it has to consummate its initial Business Combination from December 18, 2023 to January 18, 2023. On January
18, 2024, the Company caused to be deposited $125,000 into the Company’s Trust Account, allowing the Company to extend the period
of time it has to consummate its initial Business Combination from January 18, 2024 to February 18, 2024.

As approved by its stockholders
at the Second Extension Meeting held on February 14, 2024, we filed an amendment to the Charter with the Delaware Secretary of State
on February 14, 2024 (the “Second Charter Amendment”), to extend the date by which we have to consummate a business combination
for an additional nine months up to November 18, 2024 by electing to extend the date to consummate an initial business combination on
a monthly basis for up to nine times by an additional one month each time after the Extended Termination Date, until November 18, 2024
or a total of up to nine months after the Extended Termination Date, or such earlier date as determined by the Board, unless the closing
of our initial business combination shall have occurred, provided that the Sponsor (or its affiliates or permitted designees) will deposit
into the Trust Account the lesser of: (i) $50,000 and (ii) an aggregate amount equal to $0.03 multiplied by the number of our public
shares that are not redeemed for each such one-month extension unless the closing of our initial business combination shall have occurred,
in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination. The Second Charter
Amendment was filed as Exhibit 3.1 to the Form 8-K filed by the Company on February 14, 2024.

In connection with the votes
to approve the Second Charter Amendment, the holders of 3,236,915 public shares of our Class A common stock properly exercised their
right to redeem their shares (the “Second Extension Redeeming Stockholders”) for cash at a redemption price of approximately
$11.21 per share (the “the Second Redemption Payment”), for an aggregate redemption