Mr. Gabi Kabazo reports
FORT TECHNOLOGY INC. ANNOUNCES SHARE CONSOLIDATION
Fort Technology Inc. intends to proceed with a 2-for-1 consolidation of its
issued
and
outstanding
common
shares.
The share consolidation is anticipated to have an effective date on February 18, 2026.
The
share
consolidation
remains subject to final approval of the TSX Venture Exchange. The shareholders of the company approved a consolidation up to 250:1 at its annual general meeting held on Aug. 21, 2025. The company completed a 7-for-1 share consolidation on Sept. 26, 2025.
At
the
effective
time
of
the
share
consolidation,
every
two
of
the
company's
shares
will
automatically be
combined
into
one
common
share.
Fractional
shares
will
not be
issued
in
connection
with
the
share
consolidation.
Fractional
shares
being
less
than
one-half
of
a
postconsolidation share shall be rounded down to the next whole postconsolidation share and fractional shares being at least one-half of a postconsolidation share shall be rounded up to the next whole postconsolidation share. The postconsolidation shares are expected to begin trading at market opening on Feb. 18, 2026.
Following
the
share
consolidation,
the
postconsolidation
shares
will
continue
to
trade
on
the
TSX-V
under the symbol FORT with Cusip No. CA3490243076. The
share
consolidation
will
affect
all
shareholders
uniformly and will not alter any shareholder's relative interest in the company's equity securities, except for any adjustments
for
fractional
shares
as
noted
above.
In
addition,
proportionate
adjustments
will
be
made
to
(i) the
number
of
underlying
shares
and
the
exercise
or
conversion
prices
of
the
company's
outstanding
stock options
and
warrants,
and
(ii)
the
number
of
shares
issuable
under
the
company's
equity
incentive
plans. The share consolidation will reduce the number of issued and outstanding shares of the company from approximately 22,724,713 to approximately 11,362,356. The company is completing the share consolidation to satisfy certain distribution requirements in connection with its listing application on to the Nasdaq.
About
Fort
Technology
Inc.
Fort
Technology
operates
a
business
as
an
established
manufacturer
and
seller
specializing
in
a
range of amateur and professional products for the pest control and remedial repair industries. Fort Technology's material subsidiary, Fort Products Ltd., has operated in the pest control industry since its incorporation in 2005 and has accumulated nearly 20 years of technical experience.
We seek Safe Harbor.
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