Curated News
By: NewsRamp Editorial Staff
February 28, 2025
Femto Technologies Inc. Closes $17 Million Private Placement Offering
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- Femto Technologies Inc. closed a $17 million private placement, enhancing its market position and future growth potential.
- The private placement involved the sale of 4,076,736 Common Units with detailed terms for exercisability and adjustment of warrants.
- Sensera by Femto Technologies aims to improve feminine wellness through innovative technology, providing holistic self-care experiences for women.
- Femto's proprietary Smart Release System (SRS) technology in Sensera won the CES Innovation Awards® 2025 Honorary in the AI category.
Impact - Why it Matters
This news matters as it highlights Femto Technologies Inc.'s successful fundraising efforts, showcasing investor confidence in the company's FemTech products. The completion of the private placement will enable Femto to further develop its innovative feminine wellness device, Sensera, and drive its R&D activities in the Femtech sector.
Summary
Femto Technologies Inc. announced the completion of a private placement of approximately $17 million, with Aegis Capital Corp. as the exclusive placement agent. The offering included Common Units and warrants at a price of $4.17 per unit. The company plans to utilize the proceeds for general corporate purposes and working capital.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Femto Technologies Inc. Closes $17 Million Private Placement Offering
