Nasdaq moves to delist Femto Technologies common stock via Form 25
Rhea-AI Filing Summary
Femto Technologies Inc. had its common stock targeted for removal from listing and registration on the Nasdaq Stock Market LLC. Nasdaq submitted a Form 25 notification under Section 12(b) of the Securities Exchange Act of 1934 to strike Femto Technologies’ common shares from listing and/or withdraw their registration on the exchange. The notice states that the exchange has complied with its own rules for removing the class of securities and that the issuer has complied with applicable exchange and SEC requirements governing voluntary withdrawal from listing and registration.
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- Femto Technologies Inc. common stock is being removed from Nasdaq listing and registration under Section 12(b), which typically reduces liquidity and market visibility for shareholders.
Insights
Femto Technologies’ common stock is being removed from Nasdaq listing and registration.
The notification shows that Nasdaq Stock Market LLC filed Form 25 to remove Femto Technologies Inc. common stock from listing and registration under Section 12(b). This means the shares will no longer trade on Nasdaq once the process completes under the Exchange Act rules.
The text notes that Nasdaq has complied with its rules to strike the class of securities and that the issuer has complied with exchange and SEC requirements for voluntary withdrawal. The impact on trading liquidity and price discovery will depend on whether the stock trades on other venues, which is not addressed in the excerpt.
For investors, this action formally ends Nasdaq listing status for Femto Technologies’ common shares, shifting the trading and disclosure framework to whatever alternative arrangements, if any, exist outside the exchange, which are not described here.
FAQ
What action did Nasdaq take regarding Femto Technologies Inc. (FMTOF)?
Nasdaq Stock Market LLC filed a Form 25 to remove Femto Technologies Inc. common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934.
Which securities of Femto Technologies Inc. are affected by this Form 25?
The action applies to Femto Technologies Inc. common stock, which is being struck from listing and/or having its registration withdrawn on Nasdaq.
Is the delisting of Femto Technologies Inc. from Nasdaq described as voluntary?
The notice states that the issuer has complied with exchange rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration.
Who certified the Form 25 filing for Femto Technologies Inc. on Nasdaq?
Nasdaq Stock Market LLC certified the filing and it was signed by Aravind Menon, identified as a Hearings Advisor, as a duly authorized person.
What regulations are cited in Femto Technologies Inc.’s Form 25?
The notification references 17 CFR 240.12d2-2(a), 17 CFR 240.12d2-2(b), and 17 CFR 240.12d2-2(c), which govern the removal of securities from listing and registration under Section 12(b).