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Jeffs' Brands Ltd - Early Warning Regarding Acquisition Of Common Shares In Connection With Shares For Debt Transaction Of Fort Technology Inc.
(TheNewswire) This press release is issued pursuant to National Instrument 62-104 – ...
About this update from Fort Technology Inc.
[{"type":"text","content":"Jeffs' Brands Ltd - Early Warning Regarding Acquisition Of Common Shares In Connection With Shares For Debt Transaction Of Fort Technology Inc.\n(TheNewswire)\n\n\nThis press release is issued pursuant to National\nInstrument 62-104 – Take-Over Bids and Issuer Bids and National\nInstrument 62-103 – The\nEarly Warning System and Related Take-Over Bid and Insider Reporting\nIssues.\n\n\nVancouver, British Columbia\n– December 31, 2025 – TheNewswire - Pursuant to the\nrequirements of applicable securities laws, Jeffs’ Brands Ltd\n(“Jeffs’\nBrands”), a company with an office address of\n7 Mezada Street, Bnei Brak, 5126112, Israel,\nreports that on December 31, 2025, Jeffs’\nBrands acquired 3,401,603 common shares in the capital of Fort Technology Inc. (the “Company”)\n(“Shares”) at a deemed issue price of $0.99 per Share as full\nsettlement of outstanding debt owed by the Company to Jeffs’ Brands\nin the amount of USD2,462,767 (the “Debt”) converted\ninto CAD3,367,587.60 based on the Bank of Canada exchange rate on\nDecember 24, 2025 (the “Debt Settlement”). The transaction took\nplace as an issuance from treasury with the approvals of the TSXV\nVenture Exchange and disinterested shareholders representing at least\n50% of the Shares of the Company not held by Jeffs’ Brands. .\n\n\nThe Debt Settlement\ntriggered the requirement to file an early warning report.\n\n\nImmediately prior to the Debt Settlement, Jeffs’\nBrands held\n14,285,714 Shares and 9,428,571 contingent rights of the\nCompany, representing approximately 75.02% on a\nnon-diluted basis and 83.29% of the issued and outstanding Shares on a\npartially diluted basis. On October 1, 2025, the Company completed a\nshare consolidation on the basis of seven (7)\npre-consolidation Shares for one (1) post-consolidation Share and the\nnumber of Shares and contingent rights disclosed\nwere accordingly adjusted since Jeffs’ Brands initial July 7, 2025\nearly warning report and related press release. Immediately following the completion of the Debt Settlement,\nJeffs’ Brands held 17,687,317 Shares and\n9,428,571 contingent rights of the Company,\nrepresenting approximately 77.83% on a...