Nexera unit Fort Technology signs LOI to invest in fuel maintenance firm Logia USA
Nexera Technologies Ltd
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- Nexera Technologies’ majority-owned Fort Technology signed a non-binding LOI with Logia USA for a strategic investment and collaboration targeting data center backup power.
- Fort would buy 50.1% of Logia USA, subject to milestone-based equity rebalancing that could shift ownership to 15% within three years.
- Fort would provide a credit facility up to USD 2 million, with an option to add USD 5 million, to fund U.S. growth.
- Deal centers on deploying Logia Israel’s automated fuel integrity systems to reduce generator failure risk from degraded diesel fuel.
- Transaction remains subject to due diligence, definitive agreements, TSX Venture Exchange review, negotiations, and customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexera Technologies Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606250850PRIMZONEFULLFEED9752581) on June 25, 2026, and is solely responsible for the information contained therein.
