Core Viewpoint - Jeffs' Brands Ltd is divesting retail assets to concentrate on homeland security and advanced technologies, marking a strategic shift in its business focus [1][3]. Group 1: Transaction Details - On December 18, 2025, Jeffs' Brands entered into a share transfer agreement to sell 1,428,571 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, which is approximately CAD $0.65 per share [1]. - The shares sold represent about 10% of Jeffs' Brands' holdings in Fort and approximately 7.4% of Fort's outstanding shares, valuing Fort at CAD $12.5 million, or up to CAD $20 million on a fully diluted basis [1][2]. - Following this sale, Jeffs' Brands will maintain a 73.93% equity stake in Fort, ensuring it retains a majority interest [2]. Group 2: Strategic Focus - The divestment is expected to provide additional liquidity as the company continues to execute its strategy focused on homeland security and advanced technologies [3]. - Jeffs' Brands has expanded into the global homeland security sector through its wholly-owned subsidiary, KeepZone AI Inc., aiming to deliver comprehensive security ecosystems for critical infrastructure worldwide [3].
Jeffs' Brands to Sell Approximately 7% of Fort Technology's Outstanding Shares Reflecting up to CAD $20 million Valuation for Fort Technology