Ticker: $FRTT
Form Type: 6-K
Summary: Fort Technology Inc. has entered into an agreement to acquire a 50.1% stake in Logia USA Inc. for $125,000 in company stock, with the deal expected to close by October 1, 2026. As part of the transaction, Fort Technology will provide a $2.0 million credit facility to support Logia USA's operations and has entered into licensing and consulting agreements with the founder, Yair Harel. The deal includes performance-based equity rebalancing mechanisms that could adjust ownership percentages based on future revenue and profitability milestones.
Link: https://t.co/bng49FqARl