Fort Technology Inc. announces successful AGSM with all proposed resolutions, including director elections and auditor appointment, approved.
Quiver AI Summary
Fort Technology Inc. announced that all resolutions at its annual general and special meeting of shareholders on August 27, 2026, were approved, with 70.98% of outstanding common shares represented. Key outcomes included setting the number of directors at five, election of all nominated directors with high approval percentages, the appointment of Brightman Almagor Zohar & Co. as auditors, and unanimous approval for a share consolidation plan. Fort Technology, involved in retail sales primarily in the pest control and repair sectors, aims to expand into the U.S. market, including acquiring Logia USA Inc. to enhance its product offerings for data centers. The company is committed to future growth and has provided cautionary notes regarding forward-looking statements in the press release.
Potential Positives
- All resolutions at the annual general and special meeting of shareholders were passed, demonstrating strong shareholder support and confidence in the company's leadership.
- The appointment of Brightman Almagor Zohar & Co. as auditors received an overwhelming majority of votes, indicating strong approval for financial oversight and governance.
- The full approval of the share consolidation resolution empowers the company to potentially increase its stock value and streamline its capital structure.
- Fort Technology plans to expand its retail operations into the United States, which could significantly broaden its market reach and revenue potential.
Potential Negatives
- Shareholder turnout was only 70.98%, which may indicate a lack of strong stakeholder interest or engagement.
- The approval of a share consolidation may raise concerns among investors about the company's financial health and future stock performance.
- The reliance on forward-looking statements suggests potential uncertainty regarding the company's future prospects, which could impact investor confidence.
FAQ
What were the main outcomes of the Fort Technology AGSM?
All resolutions were passed, including the appointment of directors and auditors, and shareholder consolidation approval.
How many shares were voted at the Fort AGSM?
A total of 10,582,663 common shares were represented, which is 70.98% of outstanding shares.
Who were elected as directors during the AGSM?
All director nominees listed in the Circular were elected, including Oz Adler, Liat Sidi, and Ohad Melnik-Marom.
What firm was appointed as auditors for Fort Technology?
Brightman Almagor Zohar & Co., Certified Public Accountants from Israel, were appointed as auditors.
What is Fort Technology’s business focus?
Fort Technology specializes in the retail sale of consumer products for pest control and remedial repair industries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FRTT Hedge Fund Activity
We have seen 5 institutional investors add shares of $FRTT stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP added 259,390 shares (+inf%) to their portfolio in Q2 2026, for an estimated $261,983
- VIRTU FINANCIAL LLC added 73,975 shares (+inf%) to their portfolio in Q2 2026, for an estimated $74,714
- UBS GROUP AG added 25,037 shares (+inf%) to their portfolio in Q2 2026, for an estimated $25,287
- TWO SIGMA SECURITIES, LLC added 13,396 shares (+inf%) to their portfolio in Q2 2026, for an estimated $13,529
- ROYAL BANK OF CANADA added 177 shares (+inf%) to their portfolio in Q2 2026, for an estimated $178
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Toronto, Ontario, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Fort Technology Inc. (NASDAQ: FRTT; TSXV: FORT) (“ Fort ” or the “ Company ”), is pleased to announce that all resolutions were passed at the annual general and special meeting of shareholders (the “ AGSM ”) held yesterday in person at 10:00 am (Pacific Time).
Annual General and Special Meeting Results
A total of 10,582,663 common shares in the capital of the Company (“ Common Shares ”) were represented at the AGSM, representing 70.98% of the votes attached to all outstanding Common Shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular (the " Circular ") dated July 22, 2026, were approved.
Item 1. Number of Directors
The number of directors was set at five.
|
Votes For |
% of Votes | Votes Withheld | % of Votes |
| 10,579,991 | 99.97% | 2,672 | 0.03% |
Item 2. Election of Directors
All director nominees listed in the Circular were elected as directors of the Company.
|
Director |
Vote Type | Number of Votes | Percentage of Votes |
| Oz Adler |
For
Withheld Broker non-votes |
9,816,378
17,477 748,808 |
99.82%
0.18% |
| Liat Sidi |
For
Withheld Broker non-votes |
9,816,368
17,487 748,808 |
99.82%
0.18% |
| Ohad Melnik-Marom |
For
Withheld Broker non-votes |
9,815,568
18,287 748,808 |
99.81%
0.19% |
| Ohad David |
For
Withheld Broker non-votes |
9,821,578
12,277 748,808 |
99.88%
0.12% |
| Asaf Itzhaik |
For
Withheld Broker non-votes |
9,816,568
17,287 748,808 |
99.82%
0.18% |
Item 3. Appointment of Auditor
Brightman Almagor Zohar & Co., Certified Public Accountants (Israel), were appointed as auditors of the Company.
|
Votes For |
% of Votes | Votes Withheld | % of Votes |
| 10,570,430 | 99.88% | 12,233 | 0.12% |
Item 4. Approval of share consolidation
To effect the consolidation of al the issued and outstanding common shares of the Company on the basis of up to two hundred and fifty (250) per-consolidation shares for every one (1) post-consolidation share, such consolidation ratio to be determined by the Board.
|
Votes For |
% of Votes | Votes Withheld | % of Votes |
| 16,027,785 | 100% | 0 | 0% |
About Fort Technology
Fort is engaged in the retail sale of consumer products, primarily serving the pest control and remedial repair industries. Fort develops, markets and sells a range of products for both amateur and professional customers under its proprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products are sold primarily through Amazon marketplaces in the United Kingdom and Europe as well as through other online sales channels. Fort currently serves customers throughout the United Kingdom and continental Europe and plans to expand its retail operations into the United States, subject to applicable regulatory approvals, including through the acquisition of Logia USA Inc, a company focused on selling advanced fuel integrity solutions for data centers and other mission-critical facilities in the United States.
For further information, please contact:
Gabi Kabazo
Chief Executive Officer
Fort Technology Inc.
Telephone: (604) 833-6820
Email:
[email protected]
Investor Relations Contact
Michal Efraty
Adi and Michal PR-IR
Investor Relations, Israel
[email protected]
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 forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws (collectively, “ forward-looking statements ”). Fort intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be about future events, including the anticipated benefits of the Agreement; the ability of SVL to successfully market, promote and distribute Logia USA's products throughout the Territories; the expected commercialization and adoption of Logia USA's fuel integrity solutions within data centers and other mission-critical facilities; the identification of additional sales opportunities outside the Territories; the growth of the Midwest critical infrastructure and data center markets; and the Company's expectations regarding future revenue growth, customer acquisitions and business development opportunities arising from the Agreement.
The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“ SEC ”), including, but not limited to, the risks detailed in the Company’s Form 20-F registration statement (File No. 001-43178), as amended, as filed with the SEC on May 1, 2026 or the Company’s publicly filed documents which are available on SEDAR+ at www.sedarplus.ca . All forward-looking statements contained in this press release speak only as of the date on which they were made. Fort undertakes no obligation to update such statements to reflect changes in assumptions or changes in events that occur or circumstances that exist after the date on which they were made other than as required by applicable laws, rules and regulations.