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Jeffs' Brands Closes Share Transfer Agreement With Institutional Investors To Sell And Transfer 714,286 Common Shares Of Fort Technology For Total Consideration Of C$928,571

Benzinga·02/23/2026 14:07:07
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As part of its strategic shift, Company is divesting retail assets to focus on homeland security and advanced technologies

Tel Aviv, Israel, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd ("Jeffs' Brands" or the "Company") (NASDAQ:JFBR, JFBRW))), a data-driven e-commerce company operating on the Amazon Marketplace expanding into the global homeland security sector through advanced artificial intelligence ("AI") – driven solutions, today announced the closing of a share transfer agreement dated December 18, 2025 with institutional investors,  to sell and transfer 714,286 common shares of Fort Technology Inc. (TSXV:FORT) ("Fort"), for a total consideration of CAD $928,571 (approximately CAD $1.3 per share). The shares represent approximately 8.1% of Jeffs' Brands holdings in Fort and approximately 6.3% of Fort's outstanding shares.

Following the closing, the Company currently holds a 71.55% equity stake in Fort.

This transaction represents a partial divestment of the Company's holdings in its majority-owned subsidiary and is expected to provide additional liquidity as the Company continues to execute its strategy to focus on homeland security and advanced technologies.