Announcement • Jul 17
Fort Technology Inc. Announces Board Changes, Effective July 16, 2026 Fort Technology Inc. announced that Tamir Fayerman, a member of the Board of Directors and the Chairman of the Audit Committee of the Board, notified the Company of his resignation from the Board and all committees thereof, effective July 16, 2026. Mr. Fayerman resigned from the Board for personal reasons and not due to any disagreement with the Company on any matter relating to its operations, policies or practices. The company also announced that the Board appointed Asaf Itzhaik, a member of the Board, to serve as a member and Chairman of the Audit Committee, effective July 16, 2026. The Board has determined that Mr. Itzhaik is financially literate within the meaning of National Instrument 52-110 – Audit Committees and qualifies as an independent director under National Instrument 52-110, the applicable rules of the Nasdaq Stock Market and Rule 10A-3 under the Securities Exchange Act of 1934, as amended, including the audit committee independence requirements thereunder. In addition, on July 16, 2026, the Board appointed Ohad Melnik-Marom to serve as a member of the Board, effective July 16, 2026, to hold office until the next annual meeting of shareholders of the Company or until his successor is duly elected or appointed. Mr. Melnik-Marom, age 56, is currently an independent advisor specializing in web payment methods. From 2019 to 2024, he served as a director of Formula Systems (1985) Ltd., a publicly traded technology company listed on both the Nasdaq Stock Market and the Tel Aviv Stock Exchange. Previously, from 2004 to 2017, Mr. Melnik-Marom served as Manager of the Payment Methods Department of iFOREX International Group and held various management positions in the logistics, technology and financial services sectors. Mr. Melnik-Marom holds an M.B.A. with a specialization in finance and a B.A. in Business Administration with a specialization in finance from the College of Management Academic Studies, Rishon LeZion, Israel, and an M.S. from Baruch College, City University of New York. New Risk • Jul 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (CA$13.1m market cap, or US$9.20m). Announcement • Jun 30
Fort Technology Inc., Annual General Meeting, Aug 27, 2026 Fort Technology Inc., Annual General Meeting, Aug 27, 2026. 