Fort Technology Inc. Settles US$2.46 Million Debt with Share Issuance

Reuters

2025/12/25

Fort Technology Inc. Settles US$2.46 Million Debt with Share Issuance

Fort Technology Inc. has announced a debt settlement agreement with Jeffs' Brands Ltd, a control person of the company. Under the agreement, Fort Technology will issue common shares at the current market price to settle outstanding debt totaling US$2,462,767 (approximately CAD$3,367,588). The debt was originally incurred by the company’s wholly owned subsidiaries in the UK and US, and later assigned to Fort Technology Inc. The settlement shares will be subject to a four-month hold period, and the transaction received approval from disinterested shareholders as required by the TSX Venture Exchange. The company is exempt from certain regulatory requirements, as the transaction value does not exceed 25% of its market capitalization.

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. Fort Technology Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1AG9FJG9m) on December 24, 2025, and is solely responsible for the information contained therein.

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