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Femto Technologies Announces Reverse Split Implemented
Thenewswire· 2025-04-22 12:05
Core Viewpoint - Femto Technologies Inc. has implemented a 1-for-500 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split became effective on April 22, 2025, and was approved by the board on April 10, 2025 [1]. - Following the split, the number of issued and outstanding subordinate voting shares decreased from approximately 299,848,784 to about 599,697 [4]. - The trading of subordinate voting shares will continue under the symbol "FMTO" with a new CUSIP number 31447N303 [2]. Group 2: Impact on Shareholders - Every 500 subordinate voting shares will be combined into one, with fractional shares rounded down or up based on specific criteria [3]. - The reverse stock split will uniformly affect all shareholders without altering their relative interest in the company's equity, except for adjustments related to fractional shares [3]. Group 3: Company Overview - Femto Technologies Inc., formerly known as BYND Cannasoft Enterprises Inc., is a public company focused on female wellness and has developed the Sensera product [5]. - The company's Smart Release System (SRS technology) is recognized in the CES Innovation Awards® 2025 in the AI category [5]. - Current devices are in the early development stage and will require testing and regulatory approvals before market release [5].
Femto Technologies Inc. Announces Results of AGM
Thenewswire· 2025-04-02 23:00
Core Insights - Femto Technologies Inc. is a pioneering FemTech company focused on female wellness, known for its product Sensera, which utilizes proprietary Smart Release System (SRS) technology [2] - The company held its annual general meeting where shareholders approved all management recommendations, including the election of five directors and the appointment of auditors [1][3] Company Overview - Femto Technologies Inc., formerly BYND Cannasoft Enterprises Inc., is recognized for its innovative approach in the FemTech sector [2] - The SRS technology is central to Femto's research and development efforts, aimed at creating a range of FemTech products [2] Recent Developments - The company received recognition as a CES Innovation Awards® 2025 honoree in the AI category for its Sensera product [2] - The AGM resulted in the election of directors Yftah Ben Yaacov, Gabi Kabazo, Harold Wolkin, Stefania Szabo, and Carmel Zigdon [3] - Reliant CPA PC was appointed as the company's auditors for the upcoming year [3]