Femto Technologies Secures $17 Million in Private Placement Funding
TL;DR
Investors can gain advantage with $17 million purchase of Common Shares at $4.17 per unit.
Femto Technologies Inc. entered definitive agreements with investors for sale of $17 million Common Shares.
Sensera by Femto enhances feminine wellness bridging pleasure and wellness, aiming for a better self-care experience.
Sensera with Smart Release System (SRS) technology wins CES Innovation Awards® 2025 Honorary in AI category.
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Femto Technologies Inc., a FemTech pioneer, has completed a private placement transaction with institutional investors, raising approximately $17 million. The financing involves the sale of common shares and multiple series of warrants at $4.17 per unit.
The offering consists of common units that include common shares, Series A warrants, and Series B PIPE common warrants. Each Series A warrant has an initial exercise price of $5.21 per share and expires in 60 months, while Series B warrants have an initial exercise price of $12.51 per share and expire in 30 months.
The company plans to use the net proceeds for general corporate purposes and working capital. This funding is particularly significant as it supports the continued development of Sensera, Femto's innovative feminine wellness device that utilizes proprietary Smart Release System technology with machine learning and AI capabilities.
Notably, Sensera has already gained industry recognition, receiving a CES Innovation Awards® 2025 Honorary mention in the AI category. The funding will likely accelerate the company's research and development efforts in the FemTech sector, potentially advancing technological solutions for women's wellness.
Aegis Capital Corp. served as the exclusive placement agent for the private placement, with legal counsel provided by Louis A. Brilleman, P.C. and Kaufman & Canoles, P.C.
Curated from NewMediaWire
