Femto Technologies Inc., a leader in the FemTech sector, has announced the successful completion of a private placement, raising approximately $17 million. This financial achievement was realized through the sale of Common Units and warrants, with the transaction closing on February 28, 2025. The company issued 4,076,736 Common Units at a price of $4.17 per unit, a move that underscores investor confidence in Femto Technologies' vision and products.
The offering comprised Common Shares, Series A Warrants, and Series B Warrants, each designed to cater to different investor preferences and timelines. Series A Warrants come with an initial exercise price of $5.21 per share and a 60-month term, while Series B Warrants are priced at $12.51 per share with a 30-month term. This strategic structuring of the offering highlights Femto Technologies' commitment to flexibility and long-term growth.
Proceeds from this private placement are earmarked for general corporate purposes and working capital, with a significant portion allocated to the continued development of Sensera. This innovative feminine wellness device leverages proprietary Smart Release System (SRS) technology, which incorporates machine learning and artificial intelligence to offer a personalized self-care experience. Sensera's recent recognition with a CES Innovation Awards® 2025 Honorary mention in the AI category further validates its potential to revolutionize women's wellness.
The private placement was expertly managed by Aegis Capital Corp., with legal guidance provided by Louis A. Brilleman, P.C. for Femto Technologies and Kaufman & Canoles, P.C. for Aegis Capital Corp. As a publicly traded entity on Nasdaq under the ticker FMTO, Femto Technologies is at the forefront of integrating advanced technology into solutions designed for women's health and wellness, setting new standards in the FemTech industry.
