secwatch.observer — SEC 8-K summary
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Issuer:     FutureTech II Acquisition Corp. (—)
CIK:        0001889450
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001493152-23-029343
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FutureTech II Acquisition extends deadline to Feb 18, 2024; $64.2M redeemed
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- Stockholders approved charter amendment to extend deadline from Aug 18, 2023 to Feb 18, 2024, with up to six monthly extensions.
- Sponsor must deposit $125K or $0.04 per non-redeemed share each month into trust for extension, via promissory note.
- Holders of 5,943,650 shares redeemed at ~$10.81/share for aggregate ~$64.2 million.
- Trust account initially held $117.3M; after redemptions, ~$53.1M remains for future business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889450/000149315223029343/0001493152-23-029343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889450/000149315223029343/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029343

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer