Femto Technologies (FMTOF) CEO details 23.2% voting control
Rhea-AI Filing Summary
Femto Technologies Inc. chief executive Yftah Ben Yaackov filed Amendment No. 1 to his Schedule 13D to update his ownership in the company’s common shares. The cover page lists beneficial ownership of 290,819 shares, representing 23.24% of the class.
Within the detailed ownership discussion, he reports holding 70,219 common shares, equal to 6.81% of Femto’s issued and outstanding common shares, plus 4,412 enhanced voting shares, each carrying 50 votes, giving him 23.2% of the company’s voting rights. The shares were issued as part of his compensation, including vesting of RSUs for services as CEO.
The amendment records enhanced voting shares granted on September 20, 2024, following shareholder approval at the August 1, 2024 annual meeting, and notes that his beneficial ownership percentage has been reduced due to additional share issuances by the company.
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