FutureTech II Acquisition Corp. Faces Delisting Notice
Ticker: FTII · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1889450
Sentiment: bearish
Topics: delisting, listing-rules, spac
Related Tickers: FTIIU
TL;DR
FTIIU got a delisting warning, might be off the exchange soon.
AI Summary
FutureTech II Acquisition Corp. filed an 8-K on March 4, 2024, reporting a notice of delisting or failure to satisfy continued listing rules as of February 27, 2024. The company, incorporated in Delaware, is involved in the blank checks sector.
Why It Matters
This filing indicates potential delisting from an exchange, which could significantly impact the liquidity and trading of the company's securities.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Numbers
- 001-41289 — Commission File Number (Identifies the company's filing with the SEC)
- 87-2551539 — IRS Number (Company's tax identification number)
Key Players & Entities
- FutureTech II Acquisition Corp. (company) — Registrant
- February 27, 2024 (date) — Date of earliest event reported
- March 4, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
FAQ
What specific listing rule did FutureTech II Acquisition Corp. fail to satisfy?
The filing does not specify the exact listing rule that was violated, only that a notice of failure to satisfy a continued listing rule or standard was issued.
What is the earliest date associated with the delisting notice?
The earliest date reported for the event is February 27, 2024.
When was this 8-K form filed with the SEC?
The 8-K form was filed on March 4, 2024.
What is the primary business of FutureTech II Acquisition Corp. according to the filing?
The filing categorizes FutureTech II Acquisition Corp. under 'BLANK CHECKS [6770]' and 'Real Estate & Construction'.
What are the components of the FTIIU units mentioned in the filing?
The FTIIU units consist of one share of Class Common Stock and one redeemable warrant exercisable for one share of Class Common Stock at an exercise price of $11.50 per share.
Filing Stats: 1,089 words · 4 min read · ~4 pages · Grade level 17.3 · Accepted 2024-03-04 17:26:10
Key Financial Figures
- $0.0001 — tock Market LLC Class A Common Stock, $0.0001 par value per share FTII The Nasdaq
- $11.50 — A Common Stock at an exercise price of $11.50 per share FTIIW The Nasdaq Stock Ma
Filing Documents
- form8-k.htm (8-K) — 45KB
- 0001493152-24-008735.txt ( ) — 269KB
- ftiiu-20240227.xsd (EX-101.SCH) — 4KB
- ftiiu-20240227_def.xml (EX-101.DEF) — 27KB
- ftiiu-20240227_lab.xml (EX-101.LAB) — 37KB
- ftiiu-20240227_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 7KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FUTURETECH II ACQUISITION CORP. Date: March 4, 2024 By: /s/ Ray Chen Name: Ray Chen Title: Chief Executive Officer