Fort Technology Inc. Announces Closing of Qualifying Transaction and Anticipated Trading Date

(TheNewswire)

July 7, 2025 – TheNewswire -
Vancouver, British Columbia
– Impact Acquisitions Corp. (TSXV:
IMPC.P) (“Impact” or the “Company”) is
pleased to announce that further to its news releases dated January 3,
2025, February 6, 2025, March 13, 2025, June 11, 2025, June 20, 2025,
and July 2, 2025, the Company has closed its arm’s length share sale transaction (the “Transaction”) pursuant to a definitive
agreement dated February 6, 2025, as amended (the “Agreement”),
between the Company, Jeffs’ Brands Ltd, a corporation incorporated
under the laws of the State of Israel and listed on the NASDAQ under
the trading symbol “JFBR” (“Jeffs Brands” or
“JFBR”), and Jeffs Brands’ wholly owned subsidiary, Fort
Products Limited (“Fort
Products”) (together, the “Parties”).

The Transaction

Effective July 4, 2025, as a condition to the
completion of the Transaction, the
Company changed its name to “Fort Technology
Inc.” and its trading symbol to “FORT”.

Pursuant to the terms of the Definitive Agreement,
Jeffs Brands conveyed and transferred to the Company all of the issued
and outstanding securities (the “Target Shares”) of
Fort Products in consideration for 100,000,000 common shares in the
capital of the Company (“Common Shares”) and 66,000,000 contingent
rights of the Company (“Purchaser Contingent Rights”).

The Purchaser Contingent Rights entitle Jeffs Brands to
acquire, without any further act or formality or payment of additional
considerations:
(i) 22,000,000 Common Shares, upon the
completion of a transaction resulting in the Company listing its
securities on either the New York Stock Exchange or NASDAQ (each, a
“US Exchange”), or other transaction resulting in the issuance of
shares listed on a US Exchange to shareholders of the Company in
exchange their Common Shares (in either case, an “Uplisting Transaction”) if such Uplisting Transaction is completed on or before
July 7, 2027; (ii) 22,000,000 Common Shares, upon the Company (or a
successor entity) successfully raising on or before July 7, 2029, in
equity and/or debt financing an aggregate of US$8,000,000 or more as
of the date of closing of such financing; and (iii) 22,000,000 Common
Shares, upon the Company reaching annual revenues of a minimum of
US$15,000,000 by December 31, 2028, as shown on the audited financial
statement for such periods.

Additionally, the Company issued 5,000,000 Common
Shares to certain parties as a finder’s fee for the Transaction.
Further details regarding the Transaction can be found in the filing
statement of the Company dated June 19,
2025 (the “Filing Statement”),
a copy of which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca.

The parties to the Transaction have made their finalsubmission to the TSX Venture Exchange (the “Exchange”) pursuantto Exchange Policy 2.4 to seek final Exchange acceptance of theTransaction.

It is anticipated that the Company Shares will resumetrading on the Exchange under the trading symbol “FORT” on orabout July 10, 2025.

Escrowed Shares

On completion of the Transaction, certain Principals(as defined policies of the Exchange) of the Company holding anaggregate of 102,000,000 Common Shares and 66,000,000 PurchaserContingent Rights are subject to escrow in accordance with Policy 5.4– Capital Structure, Escrowand Resale Restrictions of the Exchange(“Policy 5.4”) and pursuant to an escrow agreement dated July 7, 2025,between the Company, Endeavor Trust Corporation, as escrow agent, andsuch Principals. Pursuant to Policy 5.4, 10% of the escrowed shareswill be released at the time of the final bulletin of the Exchange(the “Final ExchangeBulletin”) and an additional 15% of theescrowed shares will be released on each 6 month anniversarythereafter.

Certain current and/or former shareholders of theCompany are subject to an escrow agreement dated December 21, 2021(the “CPC EscrowAgreement”), with the Exchange and OdysseyTrust Company, as escrow agent, in respect of 3,700,000 Common Sharesand 580,000 incentive stock options to acquire Common Shares. Underthe terms of the CPC Escrow Agreement, 25% of the escrowed securitieswill be released at the time of the Final Exchange Bulletin, with anadditional 25% released on each 6 month anniversary thereafter.

Board of Directors and ExecutiveManagement

Following the completion of the Transaction, thefollowing individuals will comprise the directors and officers of theCompany:

Auditors

The Company anticipates appointing Brightman AlmagorZohar & Co., a firm in the Deloitte Global Network with its officelocated at 1 Azrieli Center, Tel Aviv, Israel, 6701101, as theauditors of the Company.

Year End

Following completion of the Transaction, the fiscalyear end of the Company shall be December 31. In accordance withapplicable laws, the Company will publish interim financial statementsof Fort Products for the six months ended June 30, 2025, within 60days after the end of the interim period.

About the Company

Fort Technology Inc. operates a business as anestablished manufacturer and seller specializing in a range of amateurand professional products for the pest control and remedial repairindustry. Fort's experience commenced since its establishment in 2005within the pest control industry and it prides itself on the technicalknowledge received in nearly 20 years.

Additional Information forShareholders

For further information, please refer to the FilingStatement posted to the Company’s issuer profile on SEDAR+ atwww.sedarplus.ca, as well as the press releases dated January 3, 2025,February 6, 2025, March 13, 2025, June 11, 2025, June 20, 2025, andJuly 2, 2025.

For further information, please contact:

Gabi Kabazo

Chief Executive Officer

Fort Technology Inc.

Telephone: (604) 833-6820

Email: ir@impactacquisitions.net

Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer of securities for sale in the United States. The securities beingoffered have not been, nor will they be, registered underthe United States Securities Act of 1933, as amended, and such securities may not be offered or sold within theUnited States absent U.S. registration or an applicable exemption fromU.S. registration requirements.

The Exchange has in no way passedupon the merits of the Transaction and has neither approved nordisapproved of the contents of this press release.

Cautionary NoteRegarding Forward-Looking Information

This
press release contains statements which constitute
"forward-looking information" within the meaning of
applicable securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of the Company with respect to future business
activities and operating performance.
Forward-looking information is often identified by the words
"may", "would", "could",
"should", "will", "intend",
"plan", "anticipate", "believe",
"estimate", "expect" or similar expressions and
includes information regarding: the publishing of interim financial
statements of Fort Products by the Company, the resumption of trading
of the Common Shares and the final approval of the Exchange for the
Transaction.

Investors are cautioned that forward-looking information is not
based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future
results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are
reasonable, such information involves risks and uncertainties, and
undue reliance should not be placed on such information, as unknown or
unpredictable factors could have material adverse effects on future
results, performance or achievements of the Company. Among the
key factors that could cause actual results to differ materially
from those projected in the forward-looking
information are the following: the ability to obtain requisite
regulatory and other approvals
of the Transaction and/or the potential
impact of the announcement or consummation of the Transaction on
relationships, including with regulatory bodies, employees, suppliers,
customers and competitors; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws; compliance with government regulation; and
the diversion of management time on the Transaction. This forward-looking information may be
affected by risks and uncertainties in the business of the Company and
Fort Products and market conditions. Additional information identifying risks and
uncertainties are contained in the filings by the Company with the
Canadian securities regulators, which filings are available at
www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking information prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company has
attempted to identify important risks, uncertainties and factors which
could cause actual results to differ materially, there may be others
that cause results not to be as anticipated, estimated or intended.
The Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise required
by applicable law.

The Common Shares will remain halted until such time as permission to
resume trading has been obtained from the Exchange. The Company is a
reporting issuer in Alberta and British Columbia.

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