Femto Technologies Inc. has implemented a significant reverse stock split to preserve its listing on the Nasdaq Capital Market. The 1-for-500 reverse stock split, approved by the company's board of directors on April 10, 2025, automatically consolidates every 500 outstanding subordinate voting shares into a single share.
The strategic maneuver aims to address Nasdaq's minimum bid price listing requirements, which the company had previously struggled to meet. By reducing the total number of outstanding shares from approximately 299,848,784 to approximately 599,697, Femto Technologies seeks to potentially increase its stock's per-share value and maintain its critical Nasdaq listing.
Under the terms of the reverse split, fractional shares will be handled with a rounding mechanism. Fractional shares less than one-half of a post-split share will be rounded down, while those at least one-half will be rounded up to the nearest whole share. This approach ensures uniform treatment of shareholders' equity positions.
The company will continue trading under its existing ticker symbol 'FMTO', with a new CUSIP number of 31447N303. Proportional adjustments will also be made to outstanding stock options, warrants, and equity incentive plan share allocations to maintain equivalent economic value for existing securities holders.
As a FemTech company known for its Sensera feminine wellness product and Smart Release System (SRS) technology, Femto Technologies has positioned this financial restructuring as a critical step in maintaining its public market presence. The reverse split represents a calculated approach to meeting Nasdaq's stringent listing requirements while preserving the company's operational and strategic objectives.
Investors and stakeholders should recognize that while the reverse split does not fundamentally alter the company's underlying value, it signals Femto Technologies' commitment to meeting regulatory standards and maintaining its ability to access public capital markets.
