Fort Technology completes 50.1% Logia USA acquisition with US$2 million facility

Fort Technology Inc., a majority-owned subsidiary of Nexera Technologies Ltd., completed its acquisition of 50.1% of Logia USA Inc. by issuing 132,603 common shares valued at approximately US$125,000. Logia USA founder Yair Harel retains 49.9% and will remain chief executive officer. Fort also provided an unsecured US$2.0 million credit facility bearing 6% annual interest, with funding advanced in eight tranches over two years against operational and sales milestones and maturing August 26, 2029, subject to earlier repayment terms. Fort’s ownership may be reduced under an equity rebalancing mechanism if specified sales and profitability thresholds are achieved. The transaction is intended to commercialize Logia Israel’s automated fuel-monitoring and filtration systems for U.S. data centers and other mission-critical facilities.

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