Disruptive tech SPAC FutureTech II Acquisition prices $100 million IPO

FutureTech II Acquisition, a blank check company targeting the disruptive technology sector in the US, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.

The company is led by CEO and Chairman Yuquan Wang, the Founding Partner of Haiyin Capital. The company plans to target the disruptive technology sector in the US, including artificial intelligence, robotic process automation, and any other related technology innovations market.

FutureTech II Acquisition plans to list on the Nasdaq under the symbol FTIIU. EF Hutton acted as sole bookrunner on the deal.