Nexera Technologies: Subsidiary Fort Technology Secures Up to $20 Million Through Securities Purchase Agreements to Support its Data Center and E-Commerce Activities
Key Highlights
- ➤Fort Technology may raise up to $20 million through convertible notes and warrants
- ➤Initial tranche totals $2.2 million principal, generating $1.98 million gross proceeds
- ➤Notes carry 8% interest, mature in 28 months, and include conversion discount
- ➤Fort will issue investors $1 million in common shares as a commitment fee
- ➤Funding may support Logia USA fuel-integrity solutions for data centers and working capital
Tel Aviv, Israel, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Nexera Technologies Ltd (“Nexera” or the “Company”) (Nasdaq: NEXR, NEXRW), today announced that, as previously announced by its subsidiary, Fort Technology Inc. (Nasdaq: FRTT, TSXV: FORT) (“Fort”), Fort has entered into securities purchase agreements with two institutional investors (the “Investors”), pursuant to which Fort may issue and sell, from time to time, unsecured convertible promissory notes (the “Notes’) in an aggregate principal amount of up to $20,000,000, together with warrants to purchase Fort common shares, subject to the terms and conditions of the agreements.
Fort intends to use the net proceeds from the financing for general working capital and to support its operations, including, among other things, the activities of its majority-owned subsidiary Logia USA Inc. related to fuel integrity solutions for data centers and other mission-critical facilities.
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