Nexera Technologies Ltd ("Nexera" or the "Company") (NASDAQ:NEXR, NEXRW))), a data-driven company operating on the Amazon Marketplace expanding into the global homeland security sector through advanced artificial intelligence ("AI")-driven solutions, today announced that its majority-owned subsidiary, Fort Technology Inc. (TSXV:FORT) (NASDAQ:FRTT) ("Fort") in which the Company holds approximately 70.82% of the issued and outstanding common shares, valued at approximately US$13.6 million, has entered into definitive agreements (the "Agreements") with Logia USA Inc. ("Logia USA") and Yair Harel, the founder and sole shareholder of Logia USA, to acquire 50.1% of Logia USA, a company focused on advanced fuel integrity solutions for data centers and other mission-critical facilities in the United States.
Under the Agreements, Fort will acquire 50.1% of Logia USA in exchange for the issuance of Fort common shares valued at approximately US$125,000. Concurrently, Logia USA will enter into an exclusive U.S. license agreement with Logia Israel Ltd. for automated fuel maintenance and integrity systems, and Fort will provide Logia USA with a credit facility of up to US$2 million to support U.S. market entry and growth. The Agreements also provide for performance-based equity rebalancing and milestone-linked compensation.
Closing is expected to occur on or about October 1, 2026, subject to the satisfaction or waiver of customary conditions, including TSX Venture Exchange approval.
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