Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc

Reuters

Aug 13

Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc

Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced that Fort Technology Inc., in which Jeffs' Brands holds a 75.02% equity stake, has initiated a private placement of convertible debentures for gross proceeds of up to CAD 5 million. The debentures will mature two years from issuance and carry an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional share. The private placement values Fort at approximately CAD 27 million. Jeffs' Brands and its CEO participated in the transaction, with the company acquiring debentures worth CAD 2.2 million. The proceeds will be used for general working capital and loan extensions.

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. Jeffs Brands Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9511708-en) on August 13, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Jeffs' Brands Ltd, a data-driven e-commerce company operating on the <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Marketplace, announced that Fort Technology Inc., in which Jeffs' Brands holds a 75.02% equity stake, has initiated a private placement of convertible debentures for gross proceeds of up to CAD 5 million. The debentures will mature two years from issuance and carry an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional share. The private placement values Fort at approximately CAD 27 million. Jeffs' Brands and its CEO participated in the transaction, with the company acquiring debentures worth CAD 2.2 million. The proceeds will be used for general working capital and loan extensions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-13 20:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Jeffs' Brands Ltd. Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Jeffs' Brands Ltd, a data-driven e-commerce company operating on the <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Marketplace, announced that Fort Technology Inc., in which Jeffs' Brands holds a 75.02% equity stake, has initiated a private placement of convertible debentures for gross proceeds of up to CAD 5 million. The debentures will mature two years from issuance and carry an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional share. The private placement values Fort at approximately CAD 27 million. 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ID: GNW9511708-en) on August 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3QW5Z07.USD","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250813:nNDL1dBQJs:1","article_id":"2559047046","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559047046","pubTimestamp":1755087788,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced that Fort Technology Inc., in which Jeffs' Brands holds a 75.02% equity stake, has initiated a private placement of convertible debentures for gross proceeds of up to CAD 5 million. The debentures will mature two years from issuance and carry an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional share. The private placement values Fort at approximately CAD 27 million. Jeffs' Brands and its CEO participated in the transaction, with the company acquiring debentures worth CAD 2.2 million. The proceeds will be used for general working capital and loan extensions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Announces CAD 5 Million Private Placement of Convertible Debentures for Fort Technology Inc\n    \n\n        Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced that Fort Technology Inc., in which Jeffs' Brands holds a 75.02% equity stake, has initiated a private placement of convertible debentures for gross proceeds of up to CAD 5 million. The debentures will mature two years from issuance and carry an annual interest rate of 10%, payable quarterly. Convertible into units of Fort at a price of CAD 0.185 per unit, each unit includes one common share and one warrant to purchase an additional share. The private placement values Fort at approximately CAD 27 million. Jeffs' Brands and its CEO participated in the transaction, with the company acquiring debentures worth CAD 2.2 million. The proceeds will be used for general working capital and loan extensions.\n      \n\nDisclaimer: 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. Jeffs Brands Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9511708-en) on August 13, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}