FutureTech II stockholders approve extension to Aug 2025 and Class B conversion for Nasdaq compliance

FutureTech II Acquisition Corp.

Charter amendment approved by 71.64% of shares; extends business combination deadline to August 18, 2025.
Founder share amendment approved (75.09% combined, 100% Class B) to allow 1:1 conversion of Class B to Class A.
1,564,549 public shares tendered for redemption in connection with the special meeting.
Extension funded by sponsor deposits of $0.05 per public share per month via unsecured promissory note.
Company aims to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A) (minimum $50M market value).

item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FutureTech II Acquisition Corp.: Amended certificate of incorporation to extend business combination deadline up to August 18, 2025 and provide Class B stockholders with one-to-one conversion rights into Class A common stock (effective 2024-11-21).

Change: charter amendment
Effective: 2024-11-21

Exact text from the filing

As approved by its stockholders at the Special Meeting, the Company filed the Charter Amendment with the Delaware Secretary of State on November 21, 2024, (1) to extend the date by which the Company has to consummate a business combination for an additional nine months, from November 18, 2024 (the “ Termination Date ”) to up to August 18, 2025, 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 Termination Date, until August 18, 2025 or a total of up to nine months after the Termination Date, or such earlier date as determined by the Company’s board of directors (the “ Board ”), unless the closing of the Company’s initial business combination shall have occurred (the “ Extension ”), provided that FutureTech II Partners LLC (the “ Sponsor ”) (or its affiliates or permitted designees) will deposit into the trust account established for the benefit of the Company’s public stock

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Source: SEC EDGAR

accession 0001493152-24-047337

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