Femto Technologies (BCAN) said Monday that its reverse stock split has become effective and the shares have started trading on Nasdaq on a split-adjusted basis.

The reverse stock split reduced the company's issued and outstanding common shares to roughly 650,070 from about 11.1 million, Femto said.

Shares in the software company were down by more than 10% in recent trading.

Price: 8.20, Change: -0.84, Percent Change: -9.30