K2 Principal Fund L.P. Increases Stock Position in FutureTech II Acquisition Corp. (NASDAQ:FTII)

K2 Principal Fund L.P. increased its holdings in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII) by 110.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,296 shares of the company’s stock after purchasing an additional 55,296 shares during the period. K2 Principal Fund L.P.’s holdings in FutureTech II Acquisition were worth $1,289,000 as of its most recent SEC filing.

FutureTech II Acquisition Price Performance

FTII stock opened at $11.02 on Friday. The firm has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $11.38. FutureTech II Acquisition Corp. has a one year low of $10.52 and a one year high of $12.48.

FutureTech II Acquisition Company Profile

FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.