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.
To view the full press release, visit https://ibn.fm/ZcoP0
About Femto Technologies Inc.
Femto Technologies, previously known as BYND Cannasoft Enterprises Inc., is a public FemTech company, pioneering a transformative change in the sphere of female wellness. Its proprietary Smart Release System (SRS technology) is embedded in Sensera, which has been named CES Innovation Awards(R) 2025 honoree in the AI category. Femto’s SRS technology is driving its R&D activities and product manufacturing for a variety of FemTech products. For more information about the company, visit www.FemtoCorp.com.
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