Femto Technologies Inc (BCAN)

Shares of BYND Cannasoft Enterprises Inc (BCAN) dropped by 46.96% from $0.69 to $0.366 in the trading on Tuesday, December 19, 2023. The reason why BCAN down today is due to a registered direct offering with an institutional investor. This offering involves the sale of approximately $1.5 million worth of Common Shares and investor warrants at $0.52 per Common Unit. Offering Details

• The offering includes 2,884,616 Common Units, each consisting of one Common Share and one Common Warrant, exercisable at $0.52 per share.
• Gross proceeds are expected to be around $1.5 million.
• The transaction is set to close on or about December 21, 2023.
• BCAN intends to use the net proceeds, combined with existing cash, for general corporate purposes and working capital.