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Fort Technology Announces Up to $20 Million Unsecured Convertible Debt Offering

PUBT·11/12/2026 12:59:02
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Fort Technology Announces Up to $20 Million Unsecured Convertible Debt Offering
  • Fort Technology entered agreements with two institutional investors to issue up to $20 million in unsecured convertible promissory notes.
  • An initial $2.2 million tranche precedes optional quarterly tranches up to $2.2 million each, with a final tranche up to $2.4 million.
  • The notes carry 8% annual interest, mature 28 months after issuance and have a 10% original issue discount.
  • Conversion uses the lower of a fixed price or 88% of the lowest daily VWAP over 20 preceding trading days, subject to a floor.
  • Proceeds will support working capital and operations, including subsidiary Logia USA's fuel integrity solutions for data centers and other mission-critical facilities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fort Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611120732PRIMZONEFULLFEED9876255) on November 12, 2026, and is solely responsible for the information contained therein.