Jeffs' Brands Sells 10% Stake in Fort Technology for CAD $928,571

Reuters
2025/12/26
Jeffs' Brands Sells 10% Stake in Fort Technology for CAD $928,571

Jeffs' Brands Ltd. has entered into a share transfer agreement to sell 1,428,571 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, or approximately CAD $0.65 per share. This transaction represents about 10% of Jeffs' Brands' holdings in Fort and approximately 7.4% of Fort's outstanding shares, reflecting a valuation of up to CAD $20 million on a fully diluted basis for Fort. Following the sale, Jeffs' Brands will retain a 73.93% equity stake and continue to hold a majority interest in Fort. The closing of the sale is expected within seven days of the agreement's execution, subject to customary closing conditions. The transaction is part of Jeffs' Brands' strategic shift to focus on homeland security and advanced technologies.

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: GNW9617257-en) on December 26, 2025, and is solely responsible for the information contained therein.

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