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Jeffs’ Brands Ltd. ( (JFBR) ) has provided an update.
On February 6, 2025, Jeffs’ Brands Ltd. announced a definitive agreement to merge its UK-based subsidiary, Fort Products Limited, with Impact Acquisitions Corp., a capital pool company listed on the TSX Venture Exchange. The transaction, valued at approximately CAD 17.1 million (US$11.9 million) for Fort Products, will see Jeffs’ Brands receiving up to 83.29% ownership of Impact, contingent on achieving certain milestones. This proposed merger, subject to various conditions including regulatory approvals and a pre-ruling from the Israel Tax Authority, is expected to complete by May 31, 2025, enhancing Jeffs’ Brands’ e-commerce positioning and potentially increasing shareholder value.
More about Jeffs’ Brands Ltd.
Jeffs’ Brands Ltd. is a data-driven e-commerce company that operates on the Amazon Marketplace. The company focuses on transforming e-commerce by creating and acquiring products to turn them into market leaders. With a management team experienced in the Fulfillment by Amazon (FBA) business model, Jeffs’ Brands aims to leverage both human capability and advanced technology to enhance product success.
YTD Price Performance: -20.30%
Average Trading Volume: 895,079
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5M
Find detailed analytics on JFBR stock on TipRanks’ Stock Analysis page.
