Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 555

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 555
---
 public equity, convertible and debt offerings during such period.

Note 8 - Stockholders’ Equity (Deficit)

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 December 31, 2023 and 2022, 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 December 31, 2023 and 2022, 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 December 31, 2023 and 2022, there were 5,556,350shares and 11,500,000shares subject to possible redemption, respectively, of Class A common stock that were classified as temporary equity in the accompanying balance sheets.

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 December 31, 2023 and December 31, 2022, there were 2,875,000shares of Class B common stock issued and outstanding. Upon exercise of the over-allotment option, 375,000shares of Class B common stock are no longer subject to forfeiture.

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 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 may enter into a shareholders agreement or other arrangements with the shareholders of the target or other investors to provide for voting or other corporate governance arrangements that differ from those in effect upon completion of the Initial Public Offering.

The shares of Class B common stock will automatically convert into Class A common stock