Material Event Form 8 K

Item 8.01. Other Events.

Overpayment in the Redemption of the First Extension Redeeming Stockholders and Correction for the Overpayment Amount

On August 17, 2023, FutureTech II Acquisition Corp. (the "Company") held a special meeting of stockholders (the "First Extension Meeting"). In connection with the First Extension Meeting, as set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on August 17, 2023, the holders of 5,943,650 shares of the Company's Class A common stock (the "Public Shares") properly exercised their right to redeem (the "First Extension Redeeming Stockholders") such shares for a pro rata portion of the funds in the Company's trust account ("Trust Account").

On August 22, 2023, a redemption payment was made by Continental Stock Transfer & Trust Company ("CST"), as trustee of the Trust Account, to the First Extension Redeeming Stockholders at a rate of approximately $10.81 per share (the "First Redemption Payment"). It was later determined that the Company did not withdraw all of the interest from the Trust Account that it was allowed to withdraw to cover income and franchise taxes and, therefore, the First Redemption Payment should have been approximately $10.74 per share. This meant that the First Extension Redeeming Stockholders were overpaid in the amount of approximately $0.07 per share (the "First Extension Overpayment Amount").

The First Extension Redeeming Stockholders are in the process of being notified of this situation and are being instructed to return the First Extension Overpayment Amount to CST. Anyone with questions about the contents of this report, can reach out to CST at [email protected].

Overpayment in the Redemption of the Second Extension Redeeming Stockholders and Correction for the Overpayment Amount

On February 14, 2024, the Company held a special of stockholders (the "Second Extension Meeting"). In connection with the Second Extension Meeting, as set forth in the Company's Report on Form 8-K filed with the SEC on February 14, 2024, the holders of 3,236,915 shares of the Public Shares properly exercised their right to redeem (the "Second Extension Redeeming Stockholders") such shares for a pro rata portion of the Trust Account.

On February 22, 2024, a redemption payment was made by CST, as trustee of the Trust Account, to the Second Extension Redeeming Stockholders at a rate of approximately $11.21 per share (the "Second Redemption Payment"). It was later determined that the Company did not withdraw all of the interest from the Trust Account that it was allowed to withdraw to cover income and franchise taxes and, therefore, the Second Redemption Payment needs to be recalculated (the "Second Extension Overpayment Amount"). The Company is working diligently to determine the Second Extension Overpayment Amount and plans to announce it as soon as such amount is determined. When determining the Second Extension Overpayment Amount, the Company will take into account an adjustment to the balance in the Trust Account for the First Extension Overpayment Amount as described above.

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