Mergers & Acquisitions ·
Fort Technology Inc. signed a Share Transfer Agreement on August 11, 2026, to acquire a 50.1% controlling stake in…
FRTTFort Technology Inc
Fort Technology Inc. signed a Share Transfer Agreement on August 11, 2026, to acquire a 50.1% controlling stake in Logia USA Inc., a provider of automated fuel integrity solutions for data centers, from founder Yair Harel. The Company will issue 132,603 common shares valued at $125,000 as consideration, with closing expected before October 1, 2026. Concurrently, Fort Technology provided Logia USA a $2.0 million credit facility at 6% interest to fund operations and a $125,000 license fee for exclusive U.S. rights to Logia Israel’s technology. The agreement includes an equity rebalancing mechanism allowing the Founder to increase ownership up to 95% if cumulative revenue reaches specified thresholds while maintaining a 20% net profit margin. Additionally, Mr. Harel was appointed CEO of Logia USA under a consulting agreement entitling him to $140,000 annually and potential equity compensation worth up to $2.5 million based on performance milestones. Fort Technology Inc. operates in the pest control and remedial repair industries.