FutureTech II Acquisition Corp.: Nasdaq/NYSE listing notice — FutureTech II receives Nasdaq delisting notice for failing minimum total holders rule

FutureTech II Acquisition Corp.

Received Nasdaq notice on Oct 16, 2023 for non-compliance with Minimum Total Holders Rule (at least 400 holders) on Nasdaq Global Market.
Has 45 days (until Nov 30, 2023) to submit a plan to regain compliance; may get extension to Apr 13, 2024.
Alternatively, may consider transfer to Nasdaq Capital Market to meet listing requirements.
Non-compliance follows August 2023 redemptions of 5.94M shares for ~$64.2M.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

FutureTech II Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

ss A Common Stock remain outstanding. October 16, 2023, the Company received a written notice (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, the Company is not in compliance with Nasdaq Listing Rule 5450(a)(2) (the “ Minimum Total Holders Rule ”), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Com

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Source: SEC EDGAR

accession 0001493152-23-037836

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