Jeffs’ Brands Sells 6.3% of Fort Technology’s Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation

Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions for growth in this sector [1][2]. Group 1: Transaction Details - Company has closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, which is approximately CAD $1.3 per share [1]. - The shares sold represent about 8.1% of Company’s holdings in Fort and approximately 6.3% of Fort's outstanding shares [1]. - Following the transaction, Company retains a 71.55% equity stake in Fort [2]. Group 2: Strategic Focus - Company is shifting its focus towards the global homeland security sector through its subsidiary, KeepZone AI Inc., following a distribution agreement with Scanary Ltd. in December 2025 [3]. - The aim is to create comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the significant growth potential of the homeland security market [3].