Jeffs' Brands Subsidiary Fort Technology Secures CAD 5 Million in Convertible Debenture Private Placement

Reuters
2025/08/25
Jeffs' Brands Subsidiary Fort Technology Secures CAD 5 Million in Convertible Debenture Private Placement

Jeffs' Brands Ltd., a data-driven e-commerce company operating on the Amazon Marketplace, holds a 75.02% stake in Fort Technology Inc., making it a subsidiary of Jeffs' Brands. Fort Technology, listed on the TSX Venture Exchange, recently completed a private placement of convertible debentures, raising CAD 5 million. This initiative aims to bolster Fort's general working capital and support an existing loan agreement. The convertible debentures are set to mature in two years and offer an interest rate of 10% per annum. These financial moves are part of Jeffs' Brands' broader strategy to support and grow its subsidiary's operational capabilities.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-080109), on August 25, 2025, and is solely responsible for the information contained therein.

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