Fort Technology Inc. signed a share transfer agreement to acquire a 50.1% controlling stake in Logia USA Inc. Logia USA provides advanced fuel integrity solutions for data centers and mission-critical facilities in the United States.
Fort will acquire the stake from Logia USA’s founder in exchange for 132,603 common shares. These shares are valued at approximately US$125,000.
Fort will also provide a US$2 million credit facility to support Logia USA’s expansion. This facility will be advanced in milestone-based tranches. The agreement includes provisions for potential future share issuances based on performance milestones.