Curated News
By: NewsRamp Editorial Staff
April 17, 2025
Femto Technologies Announces Reverse Stock Split to Regain Nasdaq Compliance
TLDR
- Femto Technologies Inc. (Nasdaq: FMTO) announced a 1-for-500 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement.
- Every 500 subordinate voting shares of Femto Technologies will be combined into one issued share, with adjustments for fractional shares and stock options.
- Femto's reverse stock split aims to ensure continued listing on Nasdaq, enhancing investor confidence and sustaining the company's presence in the market.
- Femto Technologies Inc., a FemTech pioneer, innovates with Sensera, a feminine wellness product, showcasing commitment to revolutionize female wellness through technology.
Impact - Why it Matters
This news matters as it showcases Femto Technologies' strategic move to comply with Nasdaq's regulations, highlighting its commitment to maintaining its listing status. Investors and stakeholders in the FemTech industry can track the company's progress in developing innovative products like Sensera, backed by its proprietary SRS technology.
Summary
Femto Technologies Inc. (Nasdaq: FMTO) has announced a 1-for-500 reverse stock split of its outstanding subordinate voting shares to regain compliance with Nasdaq's minimum bid price requirement. The reverse split will reduce the number of issued and outstanding shares from approximately 279,947,674 to approximately 559,895, with trading starting on a split-adjusted basis on April 22, 2025.
As a FemTech pioneer, Femto is known for its Smart Release System (SRS technology) embedded in Sensera, a feminine wellness product. The company's R&D efforts focus on developing Femtech products, including concept devices currently in the early stages of development and testing.
For more information, visit www.femtocorp.com and www.sedarplus.ca.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Femto Technologies Announces Reverse Stock Split to Regain Nasdaq Compliance
