Fort Technology Settles $2.46M Debt With Share Issuance to Jeffs' Brands

Reuters

01/01

Fort Technology Settles $2.46M Debt With Share Issuance to Jeffs' Brands

Fort Technology Inc. has settled an outstanding debt of USD 2,462,767 owed to Jeffs' Brands Ltd. by issuing 3,401,603 common shares at a deemed price of $0.99 per share. This transaction, approved by the TSXV Venture Exchange and disinterested shareholders, increases Jeffs' Brands' holdings to 17,687,317 shares, representing approximately 77.83% of Fort Technology Inc. on a non-diluted basis. The issuance was conducted as a shares-for-debt settlement and triggered an early warning report filing.

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: 1LymF3RZ6) on December 31, 2025, and is solely responsible for the information contained therein.

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