(via TheNewswire)

December 24, 2025 – Vancouver, British Columbia – Fort Technology Inc. (TSXV:FORT) (the “ Company ”) is pleased to announce that it has entered into a debt settlement agreement dated December 24, 2025 (the “ Debt Settlement Agreement ”), with Jeffs’ Brands Ltd (the “ Creditor ), a control person of the Company, whereby the Company agreed to issue to the Creditor and the Creditor agreed to accept common shares of the Company (the “ Settlement Shares ”) at a deemed price per share equal to the current market price, in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of US$2,462,767.00 (the “ Debt ”), being CAD$3,367,587.60 as converted using the Bank of Canada exchange rate on December 24 , 2025 (the “ Debt Settlement ”). The Debt was originally incurred by Fort Products Limited, the Company’s wholly owned UK subsidiary, and Fort Products LLC, the Company’s wholly-owned US subsidiary, and was assigned to the Company pursuant to two assignment agreements each dated November 12, 2025.

All securities to be issued under the Debt Settlement will be subject to a four months and a day hold period pursuant to applicable securities laws. The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

The Company will issue Settlement Shares pursuant to the Debt Settlement to the Creditor, a “related party” of the Company, in this case constituting a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“ MI 61-101 ”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the Creditor in the Debt Settlement in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Debt Settlement nor the securities issued in connection therewith is anticipated to exceed 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Debt Settlement as the details of the Debt Settlement and the participation by the Creditor were not settled until recently and the Company wishes to close the transaction on an expedited basis for sound business reasons.

At the request of the TSX Venture Exchange (the “ TSXV ”), the Company obtained approval from disinterested shareholders representing at least 50% of the common shares of the Company not held by the Creditor.

About the Company

Fort Technology Inc. operates a business as an established manufacturer and seller specializing in a range of amateur and professional products for the pest control and remedial repair industry. Fort Technology Inc.’s material subsidiary, Fort Products Limited’s experience commenced since the establishment of its material subsidiary, in 2005 within the pest control industry and it prides itself on the technical knowledge received in nearly 20 years.

Additional Information for Shareholders

For further information, please contact:

Gabi Kabazo
Chief Executive Officer

Fort Technology Inc.
Telephone: (604) 833-6820
Email: ir@impactacquisitions.net

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward looking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to the technical, financial, and business prospects of the Company, its assets and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward looking information or statements. Although the Company believes the expectations expressed in such forward-looking information or statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking information or statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, the ability to achieve its goals, expected costs and timelines to achieve the Company’s goals, that general business and economic conditions will not change in a material adverse manner, and that financing will be available if and when needed and on reasonable terms. Such forward looking information or statements reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties included in in documents filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive, and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking information or statements include, but are not limited to, obtaining the requisite regulatory and stock exchange approvals, continued availability of capital and financing and general economic, market or business conditions, failure to compete effectively with competitors, failure to maintain or obtain all necessary permits, approvals and authorizations, failure to comply with applicable laws, including environmental laws, risks relating to unanticipated operational difficulties. The Company does not undertake to update forward looking statements or forward-looking information, except as required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire - All rights reserved.