Curated News
By: NewsRamp Editorial Staff
April 22, 2025
Femto Technologies Implements Reverse Stock Split to Meet Nasdaq Bid Price Requirement
TLDR
- Femto Technologies Inc. executed a 1-for-500 reverse stock split to meet Nasdaq compliance, potentially attracting investors seeking higher-priced stocks.
- The reverse stock split combined every 500 shares into one, with no fractional shares issued, aligning with Nasdaq's minimum bid price requirement.
- Femto's reverse stock split ensures continued listing on Nasdaq, enhancing investor confidence and supporting long-term growth and innovation in FemTech products.
- Femto Technologies Inc., a FemTech pioneer, innovates with Sensera and SRS technology, driving forward transformative change in female wellness products.
Impact - Why it Matters
This news matters as it showcases Femto Technologies' commitment to maintaining its Nasdaq listing through strategic financial maneuvers. The reverse stock split signifies the company's dedication to growth and compliance in the competitive FemTech industry. Investors and stakeholders should take note of this development as it reflects Femto's proactive approach to enhancing shareholder value and market position.
Summary
Femto Technologies Inc. (Nasdaq: FMTO) has successfully implemented a 1-for-500 reverse stock split to meet Nasdaq Capital Market bid price requirements. The company's subordinate voting shares will trade under the symbol 'FMTO' with a new CUSIP number. This strategic move aims to ensure continued listing on the Nasdaq Capital Market.
The reverse stock split consolidates every 500 shares into one, reducing the total outstanding shares significantly. Femto Technologies, a FemTech pioneer, specializes in female wellness products and is known for its CES Innovation Awards® honoree, Sensera. The company's Smart Release System technology is driving innovation in Femtech products.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Femto Technologies Implements Reverse Stock Split to Meet Nasdaq Bid Price Requirement
