FutureTech II Acquisition Corp. has received a notice from Nasdaq that, for the past 30 consecutive business days, the company's Market Value of Listed Securities was below the required minimum of $50 million for continued listing on The Nasdaq Global Market. The company was given 180 calendar days from April 23, 2024, to regain compliance. On October 23, 2024, they were informed that they had not regained compliance, and their securities would be delisted unless they requested an appeal by October 30, 2024, or applied to list their securities on The Nasdaq Capital Markets. The company filed an appeal, and as a result, Nasdaq has stayed the delisting pending a final decision, with a hearing scheduled for December 17, 2024. FutureTech II Acquisition Corp. intends to present information to regain compliance but cautions that there is no guarantee of success.
Registrant's Details: - Company Name: FutureTech II Acquisition Corp. - Chief Executive Officer: Ray Chen