Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 8

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 8
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 the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause
a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business
Combination.

    F-8

Note
1 – Description of Organization and Business Operations, Going Concern and Basis of Presentation (Continued)

Additionally,
shares of our Class A Common Stock and public warrants were suspended from trading on Nasdaq on February 26, 2025 due to the Company’s
violation of Nasdaq IM-5101-2. Nasdaq IM-5101-2 requires that the Company, a special purpose acquisition company, complete one or more
business combinations within 36 months of the effectiveness of its initial public offering registration statement, which, in the case
of the Company, would be February 14, 2025. If the Company is unable to complete an initial business combination by February 14, 2025
and seeks to extend beyond such 36-month period, such extension would violate Nasdaq IM-5101-2. Effective on October 7, 2024, Nasdaq
Rule 5815 was amended to provide for the immediate suspension and delisting upon issuance of a delisting determination letter to an issuer
for failure to meet the requirements of Nasdaq IM5101-02. Accordingly, because the Company could not consummate an initial business combination
by February 14, 2025, on February 19, 2025, the Company received a notice from the Nasdaq stating that the Company did not comply with
Nasdaq Interpretive Material IM-5101-2, and that trading of the Company’s securities on Nasdaq would be suspended at the opening
of business on February 26, 2025, and a Form 25-NSE would be filed with the SEC which will remove the Company’s securities from
listing on Nasdaq. The Company did not appeal Nasdaq’s determination to delist the Company securities and accordingly, the Company’s
securities were suspended from trading on Nasdaq at the opening of business on February 26, 2025. On February 25, 2025, the Company received
a letter of approval from FINRA to begin trading over the counter with the symbols “FTII” “FTIIU” and “FTIIW”
commencing on February 26, 2025. The Company expects that Nasdaq will file a