FutureTech II Acquisition Corp. Faces Delisting Notice
Ticker: FTII · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1889450
Sentiment: bearish
Topics: delisting, listing-rules, spac
Related Tickers: FTII
TL;DR
FTII got a delisting notice, might be off the exchange soon.
AI Summary
FutureTech II Acquisition Corp. filed an 8-K on November 27, 2024, reporting a notice of delisting or failure to satisfy continued listing rules as of November 21, 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 — SEC File Number (Identifies the company's filing history with the SEC.)
- 87-2551539 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- FutureTech II Acquisition Corp. (company) — Registrant
- November 21, 2024 (date) — Earliest event date
- November 27, 2024 (date) — Filing date
- 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 delisting or failure to satisfy a continued listing rule was issued.
What is the effective date of the delisting notice?
The earliest event reported, which is the date of the notice, is November 21, 2024.
What actions can FutureTech II Acquisition Corp. take to avoid delisting?
The filing does not detail the specific remedies available to the company to avoid delisting.
What is the business address of FutureTech II Acquisition Corp.?
The business address is 128 Gail Drive, New Rochelle, NY 10805.
What is the SIC code for FutureTech II Acquisition Corp.?
The Standard Industrial Classification (SIC) code is 6770, which corresponds to Blank Checks.
Filing Stats: 1,467 words · 6 min read · ~5 pages · Grade level 17.4 · Accepted 2024-11-27 14:49:32
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
- $50 million — ted Securities was below the minimum of $50 million required for continued listing on The N
Filing Documents
- form8-k.htm (8-K) — 53KB
- 0001493152-24-047974.txt ( ) — 284KB
- ftii-20241121.xsd (EX-101.SCH) — 4KB
- ftii-20241121_def.xml (EX-101.DEF) — 30KB
- ftii-20241121_lab.xml (EX-101.LAB) — 37KB
- ftii-20241121_pre.xml (EX-101.PRE) — 27KB
- 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: November 27, 2024 By: /s/ Ray Chen Name: Ray Chen Title: Chief Executive Officer