FutureTech II (FTIIU) Prices $100M IPO


FutureTech II (FTIIU) Prices $100M IPO

Feb 15, 2022 IPOs by Marlena Haddad

FutureTech II Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FTIIU” Wednesday, February 16.

The new SPAC intends to acquire U.S. companies in the disruptive technology sector, for example, AI, robotic process automation, or Robotics, and any other related technology innovations market. FutureTech II is led by CEO Yuquan Wang and CFO Michael Greenall.

Total SPAC deal count for 2022 year-to-date is now 39. This offering is expected to close on Friday, February 18.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Seward & Kissel LLP serving as Underwriter’s Counsel.  Adeptus Partners LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.