Jeffs’ Brands: Fort Technology Announces a CAD 5 Million Private Placement of Convertible Debenture Representing a Valuation of Approximately CAD 27 million

Private Placement Announcement: Jeffs' Brands Ltd announced that its subsidiary, Fort Technology Inc., has entered a private placement of convertible debentures worth up to CAD 5 million, with a maturity of two years and an interest rate of 10% per annum. Jeffs' Brands participated by purchasing CAD 2.2 million in debentures.

Loan Agreement Details: Fort Technology also entered into a loan agreement with EEH Ventures Limited for an initial loan of £2 million, with the option for an additional £1 million. The loan bears interest at 7.5% per annum and can be converted into equity in EEH, subject to approval from the TSX Venture Exchange.