Femto Technologies Inc. has completed a 1-for-500 reverse stock split of its subordinate voting shares, a strategic move designed to regain compliance with Nasdaq Capital Market listing requirements. The reverse split, approved by the company's board of directors on April 10, 2025, took effect on April 22, 2025.
Under the terms of the split, every 500 existing shares will be consolidated into one new share. The company will continue trading under the symbol 'FMTO' with a new CUSIP number 31447N303. This corporate action significantly reduces the number of outstanding shares from approximately 299,848,784 to approximately 599,697.
The reverse split will impact all stockholders uniformly, with careful provisions for handling fractional shares. Shares less than one-half of a post-split share will be rounded down, while those at least one-half will be rounded up. Proportionate adjustments will also be made to outstanding stock options, warrants, and equity incentive plan shares.
This financial maneuver is critical for Femto Technologies, a FemTech company known for its Sensera feminine wellness product, as it seeks to maintain its Nasdaq listing by addressing minimum bid price requirements. The move demonstrates the company's commitment to meeting exchange standards and providing stability for its investors.
