FutureTech Partners II LLC - Aug 18, 2023 Form 4 Insider Report for FutureTech II Acquisition Corp. (FTII)

Role
10%+ Owner
Signature
/s/ Yuquan Wang, managing member of FutureTech Partners II LLC, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol
FTII
Transactions as of
Aug 18, 2023
Transactions value $
$0
Form type
4
Date filed
8/24/2023, 04:52 PM
Previous filing
Feb 24, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTII Class B Common Stock Other $0 -380K -13.22% $0.00 2.5M Aug 18, 2023 Class A Common Stock 380K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-261886).
F2 Pursuant to the acquisition agreement (the "Agreement") dated, August 4, 2023, by and among the issuer, the Reporting Person and Ray Chen, the Reporting Person transferred 380,000 shares of the issuer's Class B common stock upon satisfaction of the conditions pursuant to Section 7 of the Agreement.