Tel Aviv, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that on August 12, 2025, Fort Technology Inc. (“Fort”) (TSXV: FORT), a company listed on the TSX Venture Exchange, in which Jeffs’ Brands holds a 75.02% equity stake, has entered into a private placement of convertible debentures (the “Convertible Debentures”) for gross proceeds of up to CAD 5 million (the “Private Placement”). The Convertible Debentures will mature on the date that is 2 years from the date of issuance (the “Maturity Date”) and will bear interest at a rate of 10% per annum, payable quarterly with the first payment covering the period from the closing of the Private Placement to September 30, 2025. At the option of the holder, the principal amount of the Convertible Debentures is convertible into units (“Units”) of Fort at any time from the date of issuance
Related Questions
How does this financing structure affect the overall valuation of Fort Technology and the 75.02% stake held by Jeffs’ Brands?
What covenants or protective provisions are attached to the Convertible Debentures that could affect future financing or strategic decisions?
How will the CAD 5 million private placement affect Jeffs’ Brands’ cash position and liquidity?
What is the expected dilution for existing shareholders of Fort Technology upon conversion of the debentures into Units?
What are the conversion terms and the conversion price for the Convertible Debentures?
How does the 10% annual interest rate on the debentures compare to market rates for similar securities?
What is the timeline and likelihood of the debentures being converted before the two‑year maturity date?
How will the proceeds from the private placement be used by Fort Technology and Jeffs’ Brands?
What impact could the issuance of the debentures have on the credit ratings of Fort Technology and Jeffs’ Brands?
Will the quarterly interest payments be funded from operating cash flow or the proceeds of the private placement?
What are the tax implications of the convertible debenture for both Fort Technology and Jeffs’ Brands?
How might the market react to the announcement in terms of price movement for Jeffs’ Brands (JFBR) and Fort Technology (FORT)?