Femto Technologies Implements Dramatic 1-for-500 Reverse Stock Split to Maintain Nasdaq Listing
Femto Technologies has executed a significant reverse stock split to address Nasdaq's minimum bid price requirements, reducing its outstanding shares from approximately 299,848,784 to roughly 599,697 while maintaining its trading symbol.
Femto Technologies Inc. has implemented a 1-for-500 reverse stock split of its subordinate voting shares, aimed at regaining compliance with Nasdaq Capital Market listing requirements. The reverse split, approved by the company's board of directors on April 10, 2025, became effective on April 22, 2025.
Under the terms of the split, every 500 existing shares will be consolidated into one new share. Fractional shares will be rounded either up or down depending on their value, ensuring a uniform impact across all stockholders. The company will continue trading under the symbol 'FMTO' with a new CUSIP number.
The dramatic reduction in outstanding shares—from approximately 299,848,784 to around 599,697—represents a strategic move to meet Nasdaq's minimum bid price requirements. This action does not alter shareholders' proportional equity ownership, though it may affect the per-share value of outstanding stock options, warrants, and equity incentive plan shares.
As a FemTech company developing innovative wellness products like Sensera, Femto Technologies' reverse split signals its commitment to maintaining its public market listing and providing investors with continued access to its emerging technologies.