FutureTech II Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on August 19, 2021. The Company was formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
Company profile
Ticker
FTII, FTIIU, FTIIW
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
Former names
Future Tech II Acquisition Corp.
SEC CIK
Corporate docs
IRS number
872551539
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
16 Nov 23
NT 10-Q
Notice of late quarterly filing
15 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
20 Oct 23
8-K
Departure of Directors or Certain Officers
18 Aug 23
8-K
Entry into a Material Definitive Agreement
17 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
DEFA14A
Additional proxy soliciting materials
28 Jul 23
DEF 14A
Definitive proxy
28 Jul 23
PRE 14A
Preliminary proxy
18 Jul 23
8-K
FutureTech II Acquisition Corp. Confirms Funding and Extension of Period to Complete Initial Business Combination
17 May 23
Latest ownership filings
3
Jonathan F McKeage
25 Aug 23
3
Ray Lei Chen
25 Aug 23
4
Change in insider ownership
24 Aug 23
SC 13G
ATW SPAC MANAGEMENT LLC
14 Feb 23
SC 13G
Karpus Management, Inc.
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
Shaolin Capital Management LLC
14 Feb 23
SC 13G/A
Feis Lawrence
27 May 22
SC 13G
Saba Capital Management, L.P.
25 Feb 22
3
Initial statement of insider ownership
24 Feb 22
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.50 k | 5.50 k | 5.50 k | 5.50 k | 5.50 k | |
| Cash burn (monthly) | 14.43 k | 26.92 k | (no burn) | (no burn) | 9.37 k | |
| Cash used (since last report) | 33.40 k | 62.31 k | n/a | n/a | 21.70 k | |
| Cash remaining | -27.90 k | -56.81 k | n/a | n/a | -16.21 k | |
| Runway (months of cash) | -1.9 | -2.1 | n/a | n/a | -1.7 | |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 47 |
| Opened positions | 14 |
| Closed positions | 8 |
| Increased positions | 21 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 126.37 bn |
| Total shares | 18.74 mm |
| Total puts | 0.00 |
| Total calls | 30.00 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Boothbay Fund Management | 1.38 mm | $14.75 bn |
| Atw Spac Management | 1.38 mm | $9.13 bn |
| Saba Capital Management | 1.29 mm | $6.95 bn |
| Karpus Management | 1.08 mm | $11.55 bn |
| Polar Asset Management Partners | 1.07 mm | $3.46 bn |
| Hudson Bay Capital Management | 1.01 mm | $5.61 bn |
| Calamos Advisors | 1.00 mm | $5.38 bn |
| MMCAP International Inc. SPC | 800.00 k | $4.31 bn |
| Wolverine Asset Management | 745.80 k | $5.75 bn |
| Periscope Capital | 668.15 k | $5.02 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 Aug 23 | FutureTech Partners II | Class B Common Stock Class A Common Stock | Other | Dispose J | No | No | 0 | 380,000 | 0.00 | 2,495,000 |