Fort Technology Finalizes Debt Settlement with Jeffs’ Brands Ltd.

Vancouver, British Columbia — January 2, 2026 — Leads & Copy — Fort Technology Inc. (TSXV:FORT) has finalized a debt settlement with Jeffs’ Brands Ltd, a control person of the Company.

The agreement, initially announced on December 24, 2025, involved the issuance of 3,401,603 common shares to the Creditor at a price of $0.99 per share. This settles an outstanding debt of US$2,462,767.00, equivalent to CAD$3,367,587.60 based on the Bank of Canada exchange rate on December 24, 2025 (1:1.3674).

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 issued under the Debt Settlement are subject to a hold period expiring on May 1, 2026, as per applicable securities laws. These securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.

The issuance of Settlement Shares to the Creditor, a related party, is considered a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Company was exempt from obtaining a formal valuation and minority shareholder approval, relying on sections 5.5(a) and 5.7(1)(a) of MI 61-101 because the fair market value of the Debt Settlement (US$2,462,767.00) and the securities issued (CAD$2,381,122.1, calculated by 3,401,603 Settlement Shares multiplied by $0.70, the closing price on December 31, 2025) did not exceed 25% of the Company’s market capitalization.

The TSX Venture Exchange requested and received approval from disinterested shareholders holding at least 50% of the Company's common shares not held by the Creditor. The issuance of the Settlement Shares remains subject to the TSXV’s final approval.

Fort Technology Inc. manufactures and sells products for the pest control and remedial repair industry through its material subsidiary, Fort Products Limited, which has been in operation since 2005.

Gabi Kabazo, Chief Executive Officer of Fort Technology Inc., can be reached at (604) 833-6820 or via email at ir@impactacquisitions.net for further information.

Source: Fort Technology Inc.