Fort Technology Inc. reported that it has signed a non-binding letter of intent for a proposed strategic investment and partnership with Logia USA Inc., a provider of automated fuel maintenance and integrity systems for standby power generation.
Under the LOI, Fort has proposed to acquire 50.1% of Logia USA and extend a credit facility of up to USD$2 million, with potential for an additional USD$5 million line at Fort’s sole discretion to support U.S. growth, product development and market expansion. An equity rebalancing mechanism tied to performance milestones could shift ownership over three years so the founder holds up to 85% and Fort 15%.
The partners aim to target the data center power-backup market, which the release cites at $300 billion in 2026 and approximately $700 billion by 2034, focusing on fuel integrity for reliable generator uptime. Fort also announced that Avishay Rashuk was appointed Chief Financial Officer effective as of its Nasdaq listing date, June 8, 2026.
Fort Technology Inc. is beginning to trade on the Nasdaq Capital Market under the ticker symbol FRTT, with trading commencing at the U.S. market open on June 8, 2026. The company expects the Nasdaq listing to increase its visibility among U.S. investors, enhance liquidity, and broaden access to U.S. capital markets.
Fort will also maintain its existing listing on the TSX Venture Exchange, where its common shares continue to trade under the symbol FORT. Shareholders are not required to take any action in connection with the Nasdaq listing. Fort operates as an established manufacturer and seller of amateur and professional products for the pest control and remedial repair industries through its subsidiary Fort Products Limited.