Femto Technologies Inc. is facing a potential delisting from The Nasdaq Stock Market following a notification received on May 8, 2025. The decision stems from a recent private placement transaction completed on February 26, 2025, which significantly diluted existing shareholders due to the issuance of large numbers of shares. This issuance was associated with the cashless and alternative exercise of warrants. Femto Technologies Inc. plans to appeal this determination to a Hearings Panel, which will temporarily stay the suspension of the company's securities until the Panel reaches a decision.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Femto Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-009504), on May 09, 2025, and is solely responsible for the information contained therein.
Comments