Femto Technologies Secures $17 Million in Private Placement Funding
TL;DR
Femto Technologies Inc. closed a $17 million private placement, enhancing its market position and future growth potential.
The private placement involved the sale of 4,076,736 Common Units with detailed terms for exercisability and adjustment of warrants.
Sensera by Femto Technologies aims to improve feminine wellness through innovative technology, providing holistic self-care experiences for women.
Femto's proprietary Smart Release System (SRS) technology in Sensera won the CES Innovation Awards® 2025 Honorary in the AI category.
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Femto Technologies Inc., a FemTech company known for its Sensera wellness device, has successfully closed a private placement offering, raising approximately $17 million through the sale of common shares and investor warrants.
The offering comprised 4,076,736 Common Units, with each unit consisting of one common share or pre-funded warrant, along with two series of warrants. The units were priced at $4.17 per Common Unit, with Series A Warrants having an exercise price of $5.21 and Series B Warrants at $12.51 per share.
The funding represents a significant financial milestone for Femto, which plans to use the proceeds for general corporate purposes and working capital. The company, recognized for its innovative Sensera device and Smart Release System technology, continues to advance its position in the FemTech market.
The private placement was exclusively managed by Aegis Capital Corp., with legal counsel provided by Louis A. Brilleman, P.C. and Kaufman & Canoles, P.C. The securities were offered solely to accredited investors and were not publicly registered.
Of note, Sensera has already gained industry recognition, being named a CES Innovation Awards® 2025 Honorary in the AI category. The device utilizes machine learning and AI to provide a holistic approach to feminine wellness, potentially signaling broader technological advancements in women's health technologies.
Curated from NewMediaWire
