FutureTech II Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

Rhea-AI Summary

FutureTech II Acquisition Corp. (Nasdaq:FTIIU) has announced that holders of its IPO units can now separately trade shares of Class A common stock and warrants as of April 8, 2022. The initial public offering, completed on February 18, 2022, comprised 11,500,000 units. Those wishing to separate their units must contact Continental Stock Transfer & Trust Company. Separated Class A common stock and warrants will trade under the symbols FTII and FTIIW, respectively. This action reflects the company's ongoing efforts to prepare for potential business combinations.

Positive

• Holders can now separately trade Class A common stock and warrants, enhancing liquidity.
• The completion of the initial public offering with 11,500,000 units signifies strong market interest.

Negative

• None.

NEW ROCHELLE, NY / ACCESSWIRE / April 8, 2022 / FutureTech II Acquisition Corp. (Nasdaq:FTIIU) (the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company's initial public offering of 11,500,000 units completed on February 18, 2022, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about April 8, 2022. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "FTIIU," and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols "FTII" and "FTIIW," respectively.

The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-261886) that was originally filed with the Securities and Exchange Commission ("SEC") on December 23, 2021 and declared effective on February 14, 2022. The offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton, division of Benchmark Investments, LLC, 590 Madison Ave, 39^th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. Forward-looking statements are statements that are not historical facts and are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Offering filed with the SEC. Copies are available on the SEC's website, www.sec.report. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein, except as required by law.

Contact:

FutureTech II Acquisition Corp.
128 Gail Drive
New Rochelle, NY 10805
Attn: Yuquan Wang
yuquanwang111@gmail.com
(914) 316-4805

SOURCE: FutureTech II Acquisition Corp.

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https://www.accesswire.com/696415/FutureTech-II-Acquisition-Corp-Announces-the-Separate-Trading-of-its-Class-A-Common-Stock-and-Warrants

FAQ

What is the significance of FutureTech II Acquisition Corp's announcement on April 8, 2022?

The announcement allows holders of IPO units to trade shares of Class A common stock and warrants separately, enhancing liquidity for investors.

When was the initial public offering (IPO) for FutureTech II Acquisition Corp. completed?

The IPO was completed on February 18, 2022, consisting of 11,500,000 units.

What will the Class A common stock and warrants trade under after separation?

After separation, Class A common stock will trade under the symbol FTII and warrants under FTIIW.

How can holders separate their FTIIU units into common stock and warrants?

Holders need to have their broker contact Continental Stock Transfer & Trust Company to separate the units.