Fort Technology Inc. Clarifies Matters Related to Convertible Debenture Financing

Executive Summary

• Fort Technology Inc. closed a non‑brokered private placement of convertible debentures, raising $5,000,000 in gross proceeds.
• Each debenture is priced at $1,000 and may be converted into units at US $0.133 (CAD $0.185) per unit from August 21 2025 until maturity.
• Every unit consists of one common share and one warrant; each warrant allows purchase of an additional share at US $0.133 (CAD $0.185) up to August 21 2030.

Key Details

• Placement Size & Price: 5,000 convertible debentures sold at $1,000 each for total gross proceeds of $5 million.
• Conversion Terms: Holder may convert any or all principal into units at a price of US $0.133 per unit (CAD $0.185), effective from August 21 2025 through the maturity date.
• Unit Composition: Each unit = 1 common share + 1 common‑share purchase warrant.
• Warrant Exercise Price: Warrants exercisable at US $0.133 per share (CAD $0.185) until August 21 2030.
• Currency Clarification: Conversion price and warrant exercise price expressed in U.S. dollars ($0.133), derived from CAD $0.185 using the Bank of Canada rate on August 21 2025 (1 CAD = 1.3897 USD).
• Use of Proceeds: Not explicitly disclosed in the release; typical uses include working capital, debt repayment, or growth initiatives.

Notable Quotes

• “The Company wishes to clarify that the conversion price … is US$0.133,” – Gabi Kabazo, Chief Executive Officer.