Femto Technologies Inc. has successfully implemented a 1-for-500 reverse stock split of its subordinate voting shares, a move aimed at adhering to the Nasdaq Capital Market's listing standards. This financial strategy, which received the green light from the company's board of directors on April 10, 2025, took effect on April 22, 2025. The consolidation means that for every 500 shares held, shareholders now possess one new share, with the company's trading symbol 'FMTO' remaining unchanged but assigned a new CUSIP number, 31447N303. This action has drastically decreased the number of outstanding shares from around 299,848,784 to approximately 599,697.
The reverse stock split is designed to uniformly affect all stockholders, with specific guidelines for handling fractional shares. Shares amounting to less than one-half will be rounded down, whereas those equal to or exceeding one-half will be rounded up to the nearest whole share. Additionally, proportional adjustments will be applied to outstanding stock options, warrants, and shares under equity incentive plans. Femto Technologies, recognized for its Sensera feminine wellness product, had previously indicated this strategic adjustment as a measure to avert potential delisting. The Sensera technology, celebrated for its proprietary Smart Release System (SRS), was recently acknowledged as a CES Innovation Awards® 2025 honoree in the AI category.
While the reverse split does not change the proportional equity interests of shareholders, it is a pivotal action to preserve the company's listing on Nasdaq and ensure its financial health. Femto Technologies remains committed to pioneering advancements in the FemTech sector, with ongoing research and development initiatives aimed at broadening its technological offerings.
