To o to, O ta io, Oct. 28, 2026 (GLOBE NEWSWIRE) — Fo t Tech ology I c. (Nasdaq: FRTT, TSXV: FORT) (“Fo t” o the “Compa y”), today a ou ced that o Octobe 13, 2026, it eceived a w itte otificatio (the “Notificatio ”) f om the Listi g Qualificatio s Depa tme t of The Nasdaq Stock Ma ket LLC (“Nasdaq”) i dicati g that the Compa y is ot i complia ce with the mi imum bid p ice equi eme t set fo th i Nasdaq Listi g Rule 5550(a)(2).
Nasdaq Listi g Rule 5550(a)(2) equi es listed secu ities to mai tai a mi imum bid p ice of $1.00 pe sha e. Based upo the closi g bid p ice of the Compa y’s commo sha es fo the last 30 co secutive busi ess days, f om August 31, 2026 th ough Octobe 12, 2026, the Compa y o lo ge meets this equi eme t.
Pu sua t to Nasdaq Listi g Rule 5810(c)(3)(A), the Compa y has bee g a ted a 180-cale da day complia ce pe iod, o u til Ap il 12, 2027, to egai complia ce with the mi imum bid p ice equi eme t. To egai complia ce, the closi g bid p ice of the Compa y’s commo sha es must meet o exceed $1.00 pe sha e fo at least 10 co secutive busi ess days du i g the 180-cale da day complia ce pe iod.
I the eve t the Compa y does ot egai complia ce by Ap il 12, 2027, the Compa y may be eligible fo a additio al 180 cale da day complia ce pe iod if it meets the co ti ued listi g equi eme t fo ma ket value of publicly held sha es a d all othe i itial listi g sta da ds fo the Nasdaq Capital Ma ket, with the exceptio of the bid p ice equi eme t, a d p ovides w itte otice to Nasdaq of its i te tio to cu e the deficie cy du i g the seco d complia ce pe iod, by effecti g a eve se sha e split, if ecessa y.
The Notificatio has o immediate effect o the listi g o t adi g of the Compa y’s commo sha es o the Nasdaq Capital Ma ket, a d the Compa y’s commo sha es will co ti ue to be listed a d t aded o the Nasdaq Capital Ma ket u de the symbol “FRTT.”
The Notificatio elates solely to the Compa y’s listi g o Nasdaq a d does ot affect the listi g o t adi g of the Compa y’s commo sha es o the TSX Ve tu e Excha ge, whe e the Compa y’s commo sha es will co ti ue to t ade u de the symbol “FORT.”
The Compa y i te ds to mo ito the closi g bid p ice of its commo sha es a d will co side available optio s to egai complia ce with the Nasdaq mi imum bid p ice equi eme t withi the p esc ibed complia ce pe iod. The e ca be o assu a ce that the Compa y will be able to egai complia ce with the mi imum bid p ice equi eme t o will othe wise be i complia ce with othe Nasdaq listi g c ite ia.
About Fo t Tech ology
Fo t is e gaged i the etail sale of co sume p oducts, p ima ily se vi g the pest co t ol a d emedial epai i dust ies. Fo t develops, ma kets a d sells a a ge of p oducts fo both amateu a d p ofessio al custome s u de its p op ieta y b a ds, i cludi g Roshield, E topest, Remp o a d Bi dGo. P oducts a e sold p ima ily th ough Amazo ma ketplaces i the U ited Ki gdom a d Eu ope as well as th ough othe o li e sales cha els. Fo t cu e tly se ves custome s th oughout the U ited Ki gdom a d co ti e tal Eu ope a d pla s to expa d its etail ope atio s i to the U ited States, subject to applicable egulato y app ovals, i cludi g th ough the acquisitio of Logia USA I c., a compa y focused o selli g adva ced fuel i teg ity solutio s fo data ce te s a d othe missio -c itical facilities i the U ited States.
Fo fu the i fo matio , please co tact:
Gabi KabazoChief Executive Office Fo t Tech ology I c.Telepho e: (604) 833-6820Email: Office@Fo t-Tech.io
Neithe the TSX Ve tu e Excha ge o its Regulatio Se vices P ovide (as that te m is defi ed i policies of the TSX Ve tu e Excha ge) accepts espo sibility fo the adequacy o accu acy of this elease.
Cautio a y Note Rega di g Fo wa d-Looki g I fo matio
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995 a d applicable Ca adia secu ities laws. Fo t i te ds such fo wa d-looki g stateme ts to be cove ed by the safe ha bo p ovisio s fo fo wa d-looki g stateme ts co tai ed i Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded. These fo wa d-looki g stateme ts ca be about futu e eve ts, i cludi g stateme ts elated to Fo t’s ability to egai complia ce with Nasdaq’s co ti ued listi g equi eme ts, the timi g of a y such complia ce a d the co seque ces of faili g to egai complia ce, a d stateme ts ega di g Fo t’s i te tio s, objectives, pla s, expectatio s, assumptio s a d beliefs about futu e eve ts, i cludi g Fo t’s expectatio s with espect to the fi a cial a d ope ati g pe fo ma ce of its busi ess, its capital positio , a d futu e g owth. The wo ds “a ticipate”, “believe”, “expect”, “p oject”, “p edict”, “will”, “fo ecast”, “estimate”, “likely”, “i te d”, “outlook”, “should”, “could”, “may”, “ta get”, “pla ” a d othe simila exp essio s ca ge e ally be used to ide tify fo wa d-looki g stateme ts. A y fo wa d-looki g stateme ts i this p ess elease a e based o ma ageme t’s cu e t expectatio s of futu e eve ts a d a e subject to a umbe of isks a d u ce tai ties that could cause actual esults to diffe mate ially a d adve sely f om those set fo th i o implied by such fo wa d-looki g stateme ts. Fo a mo e detailed desc iptio of the isks a d u ce tai ties affecti g the Compa y, efe e ce is made to the Compa y’s epo ts filed f om time to time with the Secu ities a d Excha ge Commissio (“SEC”), i cludi g, but ot limited to, the isks detailed i the Compa y’s egist atio stateme t o Fo m 20-F (File No. 001-43178), as ame ded, as filed with the SEC o May 1, 2026 o the Compa y’s publicly filed docume ts which a e available o SEDAR+ at www.seda plus.ca. All fo wa d-looki g stateme ts co tai ed i this p ess elease speak o ly as of the date o which they we e made. Fo t u de takes o obligatio to update such stateme ts to eflect cha ges i assumptio s o cha ges i eve ts that occu o ci cumsta ces that exist afte the date o which they we e made othe tha as equi ed by applicable laws, ules a d egulatio s.
