Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million

Reuters

Aug 22

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-22 21:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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ID: GNW9516708-en) on August 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250822:nNDL8V0xt6:1","article_id":"2561477196","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561477196","pubTimestamp":1755869352,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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. 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Announces CAD 5 Million Private Placement for Fort Technology, Valuing the Company at CAD 27 Million\n    \n\n        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.\n      \n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}