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Femto Technologies Inc. (FMTO) Soars 46,066.67% on Reverse Split
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 22, 2025 9:14 am ET1min read
Femto Technologies Inc. (FMTO) experienced a remarkable surge of 46,066.67% in pre-market trading on April 22, 2025, marking a significant milestone for the company.
Femto Technologies Inc. announced the implementation of a 1-for-500 reverse stock split, effective from April 22, 2025. This move is aimed at maintaining the company's listing on the Nasdaq, as the reverse split will adjust the share price to meet the exchange's requirements. The company's subordinate voting shares will begin trading on a split-adjusted basis at the market opening on the specified date.
Prior to the reverse split,
had increased its share count, with the company's outstanding common shares rising to 299,848,784 following the effectiveness of its registration statement on April 9, 2025. This increase in share count, coupled with the reverse split, is part of the company's strategic efforts to stabilize its stock price and ensure compliance with listing standards.
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