Nexera subsidiary Fort Technology closes purchase of 50.1% stake in Logia USA - NEXR News | RalliesNexera subsidiary Fort Technology closes purchase of 50.1% stake in Logia USA
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NEXR• Fort Technology closes majority stake purchase in Logia USA
- Fort Technology, majority-owned by Nexera Technologies, closed its purchase of 50.1% of Logia USA, a fuel integrity solutions provider.
- Consideration comprised 132,603 newly issued Fort common shares valued at about USD 125,000.
- Fort also provided an unsecured USD 2 million credit facility, tranche-funded against milestones, carrying 6% annual interest.
- Logia USA targets the US data center market with automated monitoring and filtration systems designed to maintain standby generator fuel quality.
- Fort’s stake may be reduced under an equity rebalancing mechanism tied to sales and profitability thresholds.
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