FutureTech II today in a proxy filing called a Feb. 14 meeting for shareholders to vote on a deadline extension to give the SPAC until Nov. 18 to find and complete a deal. If approved, the sponsor has agreed to deposit the lesser of $50,000 or 3 cents a share into trust for each month needed up to the new deadline.
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.
