Jeffs' Brands Ltd. (NASDAQ:JFBR) shares fell sharply Friday after the company disclosed a partial sale of its stake in Fort Technology Inc., as part of a broader strategic pivot away from retail assets.
Jeffs’ Brands said that on Dec. 18, 2025, it entered into a share transfer agreement with an institutional investor to sell 1,428,571 common shares of Fort Technology.
The shares were sold for a total consideration of 928,571 Canadian dollars, or approximately 0.65 Canadian dollars per share.
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The transaction represents about 10% of Jeffs' Brands' holdings in Fort and roughly 7.4% of Fort's outstanding shares.
Based on the transaction price, Fort Technology is valued at approximately 12.5 million Canadian dollars, or up to 20 million Canadian dollars on a fully diluted basis.
Jeffs' Brands said it currently holds a 73.93% equity stake in Fort following its acquisition of the company in July 2025. After the sale closes, Jeffs' Brands will continue to maintain a majority interest in Fort.
The company expects the transaction to close within seven days of the agreement's execution, subject to customary closing conditions.
Jeffs' Brands described the deal as a partial divestment of its majority-owned subsidiary, aimed at strengthening liquidity. The company is divesting retail-focused assets as it sharpens its focus on homeland security and advanced technology initiatives.
JFBR Price Action: Jeffs’ Brands shares were down 16.50% at $0.8650 at the time of publication on Friday. The stock is trading at a new 52-week low, according to Benzinga Pro data.
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