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Fort Technology investor Jeffs' owns 75% of shares

2025-07-07 18:17 ET - News Release

An anonymous director of Jeffs' reports

JEFFS' BRANDS LTD. - EARLY WARNING REGARDING ACQUISITION OF COMMON SHARES OF FORT TECHNOLOGY INC.

On July 7, 2025, Jeffs' Brands Ltd. acquired 100 million common shares in the capital of Fort Technology Inc. (formerly Impact Acquisitions Corp.) and 66 million contingent rights of the company pursuant to the completion of a reverse takeover involving the acquisition of Fort Products Ltd. by the company.

The qualifying transaction triggered the requirement to file an early warning report.

Immediately prior to the qualifying transaction, Jeffs' Brands did not hold any shares in the capital of the company. Immediately following the completion of the qualifying transaction, Jeffs' Brands acquired 100 million shares and 66 million contingent rights of the company, representing approximately 75.02 per cent on a non-diluted basis and 83.29 per cent of the issued and outstanding shares on a fully diluted basis. The deemed value of the acquired shares is 17.1246 cents per share. The 66 million contingent rights are exercisable into an equal number of shares contingent upon meeting certain predetermined milestones.

The holdings in securities of the company by Jeffs' Brands are for investment purposes. Jeffs' Brands does not currently have plans to acquire additional securities or dispose of its holdings in the company. However, it may acquire or dispose of securities depending on market conditions, changes in plans, or other relevant factors, subject in each case to applicable securities law.

The company is located at c/o suite 501, 3292 Production Way, Burnaby, B.C., V5A 4R4. A copy of the related early warning report may be obtained from the SEDAR+ website or from Jeffs' Brands at +972 545330073, or by e-mail at ronen@jeffsbrands.com.

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