Recent Updates — FRTT
Fort Technology Inc. closed its acquisition of a 50.1% stake in Logia USA Inc., a provider of fuel integrity solutions for data centers, on August 26, 2026. The transaction involved issuing 132,603 common shares valued at US$125,000 to founder Yair Harel and extending an unsecured US$2.0 million credit facility bearing 6% interest to support Logia USA's U.S. market entry. Concurrently, the company held its annual general and special meeting on August 28, 2026, where shareholders approved the election of five directors, the appointment of Brightman Almagor Zohar & Co. as auditors, and authorized a share consolidation with a ratio up to 250-to-1 to be determined by the Board. Fort Technology Inc. operates in the retail consumer products sector, primarily selling pest control and remedial repair goods online.
Fort Technology Inc. filed unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. Revenues increased 49% to $7,356 thousand, driven by a 56% rise in unit sales on Amazon marketplaces, while gross profit expanded to $1,362 thousand (18.5% margin). The company reported a net loss of $1,342 thousand and an operating loss of $1,329 thousand, reflecting higher general and administrative expenses related to its Nasdaq listing and share-based compensation. On June 8, 2026, shares commenced trading on the Nasdaq Capital Market under symbol FRTT, triggering the issuance of 1,571,429 Contingent Right Shares to Nexera Technologies Ltd and the automatic conversion of $3,630 thousand in convertible debentures into equity. Subsequent events include an agreement to acquire a 50.1% stake in Logia USA Inc. for shares valued at $125 thousand and a credit facility up to $2 million, as well as amendments increasing the Nexera loan facility to $3 million with $1,545 thousand drawn.
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.
Tamir Fayerman resigned from the Board of Directors and the Audit Committee effective July 16, 2026. Asaf Itzhaik was appointed as Chairman of the Audit Committee, and Ohad Melnik-Marom was appointed to the Board of Directors. Fort Technology Inc. manufactures and sells products for the pest control and remedial repair industries.
Fort Technology Inc. announced a strategic partnership with Logia USA to support data center infrastructure. The company operates in the technology sector and provides data center solutions.