[SCHEDULE 13G/A] Femto Technologies Inc. SEC Filing
Thomas Corley filed an amended Schedule 13G reporting beneficial ownership of 56,654 subordinate voting shares of Femto Technologies Inc., representing 6.7% of the class. The filing states these shares are held with sole voting and dispositive power and were not acquired to change or influence control of the issuer. The percentage is calculated using 840,762 shares outstanding as disclosed in EX-99.1 of a Form 6-K.
- Material ownership disclosed: 56,654 shares reported, exceeding the 5% SEC reporting threshold.
- Clear control of reported shares: filer reports sole voting and dispositive power over all 56,654 shares.
- Certification of non-control intent: filer certifies shares were not acquired to change or influence issuer control.
- None.
Insights
TL;DR: A 6.7% stake is material and could attract investor attention, but the filer disclaims intent to influence control.
The filing shows a clear, disclosed position of 56,654 shares with sole voting and dispositive power, equal to 6.7% of the outstanding subordinate voting shares based on the referenced 840,762-share base. Holdings above 5% commonly trigger investor and market scrutiny because they can affect shareholder dynamics, voting outcomes, or signal insider confidence. The certification that the shares were not acquired to influence control limits governance concerns, although the position remains large enough to be strategically significant.
TL;DR: Ownership is material for disclosure but the filer explicitly denies an intent to change control.
From a governance perspective, the holder reports sole voting and dispositive power, which gives clear voting influence over the reported shares. The explicit certification that the position is not intended to influence control reduces immediate control-change concerns. Absent additional arrangements, group affiliation, or related agreements disclosed, this appears to be a straightforward reportable stake rather than an activist or control-seeking position.