Jeffs' Brands Ltd - Early Warning Regarding Acquisition Of Common Shares In Connection With Shares For Debt Transaction Of Fort Technology Inc.

Core Viewpoint - Jeffs' Brands Ltd has acquired 3,401,603 common shares of Fort Technology Inc. as part of a debt settlement, increasing its ownership stake in the company significantly [2][4]. Group 1: Acquisition Details - Jeffs' Brands acquired the shares at a deemed issue price of $0.99 per share, settling an outstanding debt of USD 2,462,767, which is equivalent to CAD 3,367,587.60 based on the exchange rate on December 24, 2025 [2]. - Prior to the debt settlement, Jeffs' Brands held 14,285,714 shares and 9,428,571 contingent rights, representing approximately 75.02% on a non-diluted basis and 83.29% on a partially diluted basis [4]. - After the debt settlement, Jeffs' Brands holds 17,687,317 shares and 9,428,571 contingent rights, representing approximately 77.83% on a non-diluted basis and 84.33% on a partially diluted basis [4]. Group 2: Future Intentions - Jeffs' Brands holds its securities in Fort Technology Inc. for investment purposes and currently has no plans to acquire additional securities or dispose of its holdings, although it may do so depending on market conditions and other factors [5]. Group 3: Regulatory Compliance - The debt settlement triggered the requirement for Jeffs' Brands to file an early warning report as per applicable securities laws [3]. - A copy of the related early warning report can be obtained from the SEDAR+ website or directly from Jeffs' Brands [6].