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Nexera Technologies Subsidiary Fort Technology To Acquire 50.1% Stake In Data Center Fuel Integrity Provider Logia USA For ~$125K Of FRTT Shares
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Nexera Technologies Ltd ("Nexera" or the "Company") (NASDAQ:NEXR, NEXRW))), a data-driven company operating on the Amazon Marketplace expanding into the global homeland security sector through advanced artificial intelligence ("AI")-driven solutions, today announced that its majority-owned subsidiary, Fort Technology Inc. (TSXV:FORT) (NASDAQ:FRTT) ("Fort") in which the Company holds approximately 70.82% of the issued and outstanding common shares, valued at approximately US$13.6 million, has entered into definitive agreements (the "Agreements") with Logia USA Inc. ("Logia USA") and Yair Harel, the founder and sole shareholder of Logia USA, to acquire 50.1% of Logia USA, a company focused on advanced fuel integrity solutions for data centers and other mission-critical facilities in the United States.

Under the Agreements, Fort will acquire 50.1% of Logia USA in exchange for the issuance of Fort common shares valued at approximately US$125,000. Concurrently, Logia USA will enter into an exclusive U.S. license agreement with Logia Israel Ltd. for automated fuel maintenance and integrity systems, and Fort will provide Logia USA with a credit facility of up to US$2 million to support U.S. market entry and growth. The Agreements also provide for performance-based equity rebalancing and milestone-linked compensation.

Closing is expected to occur on or about October 1, 2026, subject to the satisfaction or waiver of customary conditions, including TSX Venture Exchange approval.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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