Fort Technology signs deal to buy 50.1% of Logia USA for US$125,000 in shares

Reuters2026/08/11 12:03

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Fort Technology agreed to buy 50.1% of Logia USA, a US seller of fuel integrity systems for data centers and other mission-critical sites.
Consideration totals USD 125,000, paid in 132,603 Fort common shares priced at USD 0.94 per share.
Closing is expected before Oct. 1, 2026, subject to customary conditions, including TSX Venture Exchange approval.
A Logia Israel license is a condition of the deal, carrying a USD 125,000 fee funded from a new Fort credit facility.
Fort will provide Logia USA a credit facility of up to USD 2 million at 6%, advanced in tranches tied to sales and operating milestones.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fort Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608110800PRIMZONECNPR____9807664) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fort Technology signs deal to buy 50.1% of Logia USA for US$125,000 in shares

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