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Femto Technologies shares are trading lower by 27% during Thursday's session. The company filed to sell 233.35 million shares of common stock for holders.
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.
