Calamos Market Neutral Income Fund, a series of Calamos Investment Trust, reported ownership of 500,000 Class A shares in FutureTech II Acquisition. The stake amounts to 21.6% of the SPAC’s shares outstanding.
Earlier this week, FutureTech II said it would seek a hearing to appeal the Nasdaq’s delisting decision, as the comapny has reportedly fallen beelow the minimum 400-shareholder threshold for continued listing on the exchange.
This follows shareholder approval last month of a deadline extension to November. In connection with that vote, about $36 million in stock was redeemed.
The SPAC raised $200 million in a February 2022 IPO to focus on U.S. companies in the disruptive technology sector, such as artificial intelligence, robotics, and any other technology innovations. Read more.
