Femto Technologies Inc. - Common Stock (FMTO)

May 9, 2025      – TheNewswire -      Femto Technologies Inc. (Nasdaq: FMTO), a pioneering Femtech company formerly known as BYND Cannasoft Enterprises Inc., announced today that it has received on May 8, 2025 a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”), stating that based on its review of the Company’s recent private placement transaction that was completed on February 26, 2025 (the “Placement”), Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority under Listing Rule 5101.

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Femto Technologies (NASDAQ: FMTO), a FemTech pioneer and the creator of Sensera, a feminine wellness product, has announced the closing of its private placement of approximately $17 million of common shares (also known as subordinate voting shares under British Columbia corporation law) and pre-funded and investor warrants at a price of $4.17 per common unit. Femto secured approximately $17 million in aggregate gross proceeds from the transaction, which closed on Feb. 28, 2025. The company expects to use the net proceeds, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the private placement. Louis A . Brilleman, P.C. acted as counsel to the company, and Kaufman & Canoles, P.C. acted as counsel to Aegis.