Fort Technology Inc. (TSXV: FORT, NASDAQ: FRTT) purchased a 50.1% equity interest in Logia USA Inc., issuing 132,603 newly‑issued common shares valued at roughly $125,000. The remaining 49.9% is retained by Logia USA’s founder.
Nexera Technologies Ltd, the Tel Aviv‑based parent of Fort Technology, continues to hold about 70.19% of Fort’s outstanding shares. The transaction includes an equity‑rebalancing clause that could reduce Fort’s ownership if certain sales and profitability thresholds are met.
In parallel, Fort entered a credit facility agreement with Logia USA, providing an unsecured $2.0 million loan. The facility is structured in tranches linked to operational and sales milestones and carries a 6% annual interest rate. Proceeds are earmarked for Logia USA’s U.S. market entry, product development, operations and growth.
Logia USA supplies fuel‑integrity solutions to data centers and other mission‑critical facilities, while Fort Technology markets consumer products such as Roshield, Entopest, Rempro and BirdGo through Amazon platforms in the UK and Europe.
