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Impact Acquisitions Corp. Completes Share Sale, Renames to Fort Technology Inc.
July 7, 2025 – NewsWall – Impact Acquisitions Corp. (TSXV: IMPC.P) has finalized its share sale transaction, changing its name to Fort Technology Inc. and trading symbol to "FORT", effective July 4, 2025.
The transaction, executed under a definitive agreement with Jeffs’ Brands Ltd (NASDAQ: JFBR) and its subsidiary, Fort Products Limited, involved Impact acquiring all outstanding securities of Fort Products in exchange for 100,000,000 common shares and 66,000,000 contingent rights.
Jeffs Brands is entitled to acquire additional common shares of Fort Technology Inc. upon the company's securities being listed on the New York Stock Exchange or NASDAQ, the successful raising of US$8,000,000 or more in equity and/or debt financing, and reaching annual revenues of US$15,000,000 by December 31, 2028.
Additionally, 5,000,000 common shares were issued as a finder’s fee. Trading of the Company Shares is expected to resume on the Exchange under the trading symbol “FORT” on or about July 10, 2025. Certain Principals holding an aggregate of 102,000,000 Common Shares and 66,000,000 Purchaser Contingent Rights are subject to escrow.
The new board of directors and executive management include Gabriel Kabazo (CEO), Ronen Zalayet (CFO, Corporate Secretary), Viki Hakmon (Director), Liat Sidi (Director, Audit Committee Member), Tamir Fayerman (Director, Audit Committee Chair), Ohad David (Director, Audit Committee Member), and Asaf Itzhaik (Director).
Brightman Almagor Zohar & Co. is anticipated to be appointed as the company's auditors. The fiscal year end of the Company shall be December 31. The company will publish interim financial statements of Fort Products for the six months ended June 30, 2025, within 60 days after the end of the interim period.
Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry.
Contact: Gabi Kabazo, Chief Executive Officer, (604) 833-6820, ir@impactacquisitions.net
Source: Fort Technology Inc.