September 26, 2025 – Vancouver, British Columbia – TheNewswire - Fort Technology Inc. (TSXV:FORT) (“Fort” or the “Company”) reports that it intends to proceed with a 1-for-7 consolidation (the “Share Consolidation”) of its issued and outstanding common shares (the “Shares”). The Share Consolidation was approved by the shareholders of the Company at its annual general meeting held on August 21, 2025 and remains subject to final approval of the TSX Venture Exchange (the “TSXV”).

At the effective time of the Share Consolidation, every seven (7) of the Company’s Shares will automatically be combined into one (1) common share (each, a “Post-Consolidation Share”). Fractional shares will not be issued in connection with the Share Consolidation. Fractional shares being less than one-half of a Post-Consolidation Share shall be rounded down to the next whole Post-Consolidation Share and fractional shares being at least one-half of a Post-Consolidation Share shall be rounded up to the next whole Post-Consolidation Share. The Post-Consolidation Shares are expected to begin trading at market opening on October 1, 2025.

Following the Share Consolidation, the Post-Consolidation Shares will continue to trade on the TSXV under the symbol “FORT” with CUSIP number CA3490242086. The Share Consolidation forms a part of the Company’s plan to list its Post-Consolidation Shares on the Nasdaq stock exchange (“Nasdaq”), which is subject to certain conditions including that FORT meet Nasdaq listing requirements as to the market price of the Post-Consolidation Shares to be listed. 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 135,261,684 to approximately 19,323,107.

About the Company

Fort Technology Inc. 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 Inc.’s material subsidiary, Fort Products Limited, has operated in the pest control industry since its incorporation in 2005 and has accumulated nearly 20 years of technical experience.

Additional Information for Shareholders

For further information, please contact:

Gabi Kabazo
Chief Executive Officer

Fort Technology Inc.
Telephone: (604) 833-6820
Email: ir@impactacquisitions.net

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

 

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Fort with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: expectations on whether the proposed Share Consolidation will be consummated, whether the proposed Share Consolidation will be acceptable to the TSXV, whether the Company’s plan to list the Shares on the Nasdaq will be successful.

 

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Fort’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Fort believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Fort. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to consummate the Share Consolidation; the ability to obtain requisite regulatory and other approvals and the satisfaction of other conditions to the consummation of the Share Consolidation, including acceptances by the TSXV and Nasdaq; the potential impact of the announcement or consummation of the Share Consolidation and/or the conditions precedent to the Share Consolidation on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Fort and market conditions.

 

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Fort has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Fort does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

  

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