Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million
Jeffs' Brands Ltd., a data-driven e-commerce company, announced that its subsidiary, Fort Technology Inc., has successfully closed a CAD 5 million private placement of convertible debentures. Jeffs' Brands, which holds a 75.02% stake in Fort, participated in the private placement by purchasing debentures worth CAD 2.2 million. The funds raised will be used for general working capital and to support a loan extension. The debentures have a maturity period of two years, with an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional common share. The private placement values Fort Technology at approximately CAD 27 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jeffs Brands Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9516708-en) on August 22, 2025, and is solely responsible for the information contained therein.
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