Vancouver, BC, October 22, 2024 – (NewMediaWire) – – Femto Technologies Inc. Consolidated”) of voting preference shares issued and outstanding without par value in the Company’s share capital (“Enhanced Voting Shares”) based on one Enhanced Voting Share after consolidation (“Post-Consolidation Shares”) for every 17 Enhanced Voting Shares before consolidation (“Shares Pre-Consolidation”).
Yftah Ben Yaackov, a director and officer of the Company, is the beneficial owner of all issued and outstanding Enhanced Voting shares.
Early Warning Disclosure
The disclosures in this section are the sole responsibility and are published at the request of Yftah Ben Yaackov, in accordance with the disclosure obligations under National Instrument 62-103 Early Warning System and Take-Over Bids Related to Insider Reporting Issues (“NI 62- 103”).
The requirement to provide this disclosure is triggered by the consolidation on October 21, 2024 of the Enhanced Voting Shares owned by Mr. Yaackov. Pursuant to the Consolidation, 75,000 Pre-Consolidation Shares were combined into 4,412 Post-Consolidation Shares.
Immediately prior to the Consolidation, Mr. Yaackov had the benefit of 75,435 subordinate voting shares in the capital of the Company (“Subordinate Voting Shares”), representing approximately 11.51% of the issued and outstanding Subordinate Voting Shares, and 75,000 Enhanced Voting Shares 100% of issued and outstanding Enhanced Voting shares, which represent, in the aggregate, approximately 86.84% of the total voting rights attached to all outstanding securities of the Company. Immediately following the Consolidation, Mr. Yaackov was entitled to 75,435 Subordinate Voting Shares, representing approximately 11.51% of the issued and outstanding Subordinate Voting Shares, and 4,412 Enhanced Voting Shares, representing 100% of the issued and outstanding shares. Enhanced, Voting , approximately 33.80% of the aggregate voting rights attached to all outstanding securities of the Company; reduce the percentage of voting rights in the securities of the Company held by Mr. Yaackov to approximately 53.04%.
The consolidation is done to reflect the consolidation of the Subordinate Voting Shares effected on August 26, 2024. Mr. Yaackov may from time to time acquire additional securities of the Company or dispose of some or all of the existing or additional securities, in any case. in transactions through the open market or through private or other negotiated arrangements, or may continue to hold the same number of securities of the Company. Enhanced Voting Shares are not transferable by Mr. Yaackov.
A copy of the preliminary hazard report filed by Mr. Yaackov pursuant to NI 62-103 can be obtained on the Company’s profile on SEDAR+ (www.sedarplus.ca) and from the Company’s principal financial officer at the contact information provided below. For the purposes of the early warning requirement under NI 62-103, the Company’s head office address is: 2264 East 11th Avenue, Vancouver, BC V5N 1Z6, and Mr. Yaackov’s address is: Eilat 15, Ashkelon, Israel 7844317 .
About Femto Technologies Inc.
Femto, formerly known as BYND Cannasoft Enterprises Inc., aims to be a beacon of transformative change in the field of women’s health and wellness. Through its proprietary Smart Release Technology and dedication to creating smart, women-focused products, Femto is setting new benchmarks in the healthcare industry.
Femto is an Israel-based integrated software company. Femto owns and markets “Benefit CRM”, a proprietary customer relationship management (CRM) software product that allows small and medium-sized businesses to optimize their daily business activities such as sales management, personnel management, marketing, call center activities, and asset management.
Through its wholly-owned subsidiaries, Femto owns the intellectual property rights for the EZ-G device. This therapeutic device uses proprietary software to regulate the flow of low concentrations of CBD oil, hemp seed oil, and other natural oils into the delicate tissues of the female reproductive system to potentially treat a variety of women’s health issues. The EZ-G device includes technological advances as a sex toy with a more realistic experience and the prototype uses sensors to determine what increases the user’s pleasure. Users can control the device through a Bluetooth application installed on a smartphone or other portable device, with data sent from and received by the device to and from the secure cloud using artificial intelligence (AI). The data is combined with the preferences of other antonym users to improve the operation by increasing sexual satisfaction. Commercialization of the EZ-G device is subject to receiving regulatory approval.
The device described in this press release is a concept device that is in the first stage of development and is subject to testing, experimentation and regulatory approval and therefore there is no certainty that it will be brought to market.
For more information, please see the Company’s new website (www.femtocorp.com) and the Company’s profile on SEDAR+ (www.sedarplus.ca).
Gabi Kab
Head of Finance
Phone: (604) 833-6820
e-mail: ir@femtocorp.com
Cautionary Note Regarding Forward-looking Statements
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended modified and according to Canada. securities law. As used in this press release, the words “may”, “will”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar. expressions intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, and actual conditions, events or results may differ materially from those reflected in such forward-looking statements.
Although the Company believes that the expectations contained in the forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those contained in the forward-looking statements. Such forward-looking statements involve known and unknown risks and uncertainties, which could cause the Company’s future performance and financial results to differ materially from the projections of future performance or results expressed or implied by the statement. hope that. These statements reflect the Company’s current view of future events and are subject to risks and uncertainties. Many factors could cause actual results to differ from the statements made, including future financial performance, unanticipated regulatory requests and delays, final patent approvals, and factors discussed in filings made by the company with Canadian securities regulatory authorities, included (without limitation. ) in the discussion and analysis of the company’s management for the year ended December 31, 2023 and the annual information form of April 2, 2024, which is available in the company’s profile at www.sedarplus.ca, and in the Company’s Annual Report in Form 20- F for the year then ended filed with the US Securities and Exchange Commission on April 3, 2024. If one or more of these factors occur, or if the assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from described herein as intended, planned, anticipated, or expected. We do not intend and assume no obligation to update these forward-looking statements, except as required by law. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may choose to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause us to change them. Shareholders are cautioned not to place undue reliance on such forward-looking statements.
Copyright 2024 JCN Newswire. All rights reserved.