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FTII redemption deadline

A deal has been announced and its registration statement is on file (S-4 0001493152-25-006997, filed 2025-02-14). What is still to come is the SEC clearing it and a meeting date being set — that meeting is where you redeem, and its date is not on file with us, so there is none to show.

What happens nextawaiting filing

A deal has been announced and its registration statement is on file (S-4 0001493152-25-006997, filed 2025-02-14). What is still to come is the SEC clearing it and a meeting date being set — that meeting is where you redeem, and its date is not on file with us, so there is none to show. The outside date we hold is 18 May 2027 — a contractual long-stop for closing, not a date you can claim cash on. What an outside date is →

Charter deadline18 May 2027

The company's own long-stop, as the filing below states it: if no deal closes by this date it must extend again, or return the trust and shut down.

0001493152-26-038635opens on sec.gov in a new tab

Outside date18 May 2027

A contractual long-stop between the SPAC and its target — it gives you no right to cash.

Cash held per share$12.63

As last filed. This is the figure a redemption pays out at, plus interest earned since the filing.

The full timeline

21 dated milestones

Every dated step from the day it listed to the next date you may have to act on, each with the filing that states it.

  1. 11 August 2026Redemption deadlinepassed0001493152-26-033944opens on sec.gov in a new tab
  2. 13 August 2026Extension votepassed0001493152-26-033944opens on sec.gov in a new tab
  3. 18 August 2026Outside datepassed0001493152-26-033944opens on sec.gov in a new tab
  4. 18 May 2027Outside date0001493152-26-038635opens on sec.gov in a new tab
Show the earlier 17 milestones
  1. 17 February 2022IPOpassed

    $115M raised into trust

  2. 17 August 2023Extension votepassed0001493152-23-025863opens on sec.gov in a new tab
  3. 17 August 2023Shares handed backpassed0001493152-25-001346opens on sec.gov in a new tab

    redemption rate not stated in the filing

  4. 20 October 2023Shares handed backpassed0001493152-23-037836opens on sec.gov in a new tab

    redemption rate not stated in the filing

  5. 14 February 2024Extension votepassed0001493152-24-004665opens on sec.gov in a new tab
  6. 14 February 2024Shares handed backpassed0001493152-24-006648opens on sec.gov in a new tab

    redemption rate not stated in the filing

  7. 16 September 2024Deal announcedpassed

    Combination with Longevity Biomedical, Inc. (via Pubco Longevity Biomedical Holdings Corp.)

  8. 18 November 2024Extension votepassed0001493152-24-043247opens on sec.gov in a new tab
  9. 18 November 2024Shares handed backpassed0001493152-25-004006opens on sec.gov in a new tab

    redemption rate not stated in the filing

  10. 4 December 2024Shares handed backpassed0001493152-24-048638opens on sec.gov in a new tab

    redemption rate not stated in the filing

  11. 8 January 2025Shares handed backpassed0001493152-25-001346opens on sec.gov in a new tab

    redemption rate not stated in the filing

  12. 23 January 2025Shares handed backpassed0001493152-25-003343opens on sec.gov in a new tab

    redemption rate not stated in the filing

  13. 12 February 2025Otherpassed0001493152-25-006207opens on sec.gov in a new tab
  14. 19 February 2025Otherpassed0001493152-25-007856opens on sec.gov in a new tab
  15. 13 August 2025Extension votepassed0001641172-25-021616opens on sec.gov in a new tab
  16. 14 August 2025Extension votepassed0001641172-25-020051opens on sec.gov in a new tab
  17. 14 August 2025Shares handed backpassed0001641172-25-024504opens on sec.gov in a new tab

    redemption rate not stated in the filing

Extension history

6 votes on file

Each time the company asked shareholders for more time. Every extension re-opens the exit: holders who want out can take their cash at the vote, which is why heavy extensions drain the trust.

  1. 17 August 2023Extension votepassed0001493152-23-025863opens on sec.gov in a new tab

    proposed new deadline 2024-02-18

    Shareholders took cash at this vote (the filing does not state a pre-event share count), paid at $10.81 a share.

  2. 14 February 2024Extension votepassed0001493152-24-004665opens on sec.gov in a new tab

    proposed new deadline 2024-11-18

    Shareholders took cash at this vote (the filing does not state a pre-event share count), paid at $11.13 a share.

  3. 18 November 2024Extension votepassed0001493152-24-043247opens on sec.gov in a new tab

    proposed new deadline 2025-08-18

    Shareholders took cash at this vote (the filing does not state a pre-event share count).

  4. 13 August 2025Extension votepassed0001641172-25-021616opens on sec.gov in a new tab

    proposed new deadline 2026-08-17

  5. 14 August 2025Extension votepassed0001641172-25-020051opens on sec.gov in a new tab

    proposed new deadline 2026-08-18

    Shareholders took cash at this vote (the filing does not state a pre-event share count).

  6. 13 August 2026Extension votepassed0001493152-26-033944opens on sec.gov in a new tab

    Extension vote: extend deadline 2026-08-18 -> up to 2027-05-18. Redemption price ~$12.63/sh net of estimated taxes (as of 2026-06-30). Virtual meeting 10:00 ET.

How extensions work — the sponsor deposits, the votes, and what each one costs holders — is covered in our plain-English guide to extension votes and deposits.

How the deadline mechanism works

The thirty-second version, for anyone who has never traded a SPAC.

A SPAC’s charter gives it a fixed time to buy a business. Before that time runs out it must either close a deal, ask shareholders to extend the date, or return the trust cash and shut down. At every vote, holders who would rather have their cash than wait can hand their shares back — that election is the deadline this page tracks.

The published date is not the one that matters in practice: your broker needs the instruction roughly two business days earlier, because brokers batch instructions to the transfer agent. Missing the broker cutoff forfeits the right even though the official deadline has not yet arrived — broker cutoffs vs official deadlines, explained.

In plain English

No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.