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Jeffs' Brands Sells 6.3% of Fort Technology's Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions [1][2] Group 1: Transaction Details - Company closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, 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] Group 2: Current Holdings and Strategy - Following the transaction, Company holds a 71.55% equity stake in Fort, indicating a partial divestment of its majority-owned subsidiary [2] - This divestment is expected to provide additional liquidity as Company continues to focus on homeland security and advanced technologies [2] Group 3: Business Focus - Company has pivoted into the global homeland security sector through its subsidiary, KeepZone AI Inc., after entering a distribution agreement with Scanary Ltd. in December 2025 [2] - Company aims to deliver comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the growth potential of the homeland security market [2]
Jeffs' Brands Appoints Security Executive Alon Dayan as CEO of KeepZone AI Inc., Strengthening Leadership in Global Homeland Security Expansion
Globenewswire· 2025-12-08 14:10
Core Insights - Jeffs' Brands Ltd has appointed Alon Dayan as CEO of its subsidiary KeepZone AI Inc, marking a strategic move into the global homeland security market through a distribution agreement with Scanary Ltd [1][3] Company Overview - Jeffs' Brands operates as a data-driven e-commerce company on the Amazon Marketplace, focusing on transforming products into market leaders and leveraging advanced technology for growth [5] Leadership Appointment - Alon Dayan brings over 15 years of experience in security, defense, and cyber-technology, having previously founded and led companies in these sectors [2] - His appointment is seen as pivotal for guiding KeepZone's expansion into the homeland security sector, aligning with the company's mission to distribute Scanary's AI-driven threat detection technologies [3][4] Market Opportunity - The global homeland security market is valued at over $11.4 billion and is projected to grow at a CAGR of 7%, presenting a significant opportunity for Jeffs' Brands to diversify beyond e-commerce [4] - KeepZone's agreement with Scanary includes exclusive distribution rights for an initial 24-month period, a $1 million upfront payment, and revenue-sharing mechanisms [4]