Jeffs’ Brands (JFBR) announced that it has entered into a Securities Purchase Agreement, with an institutional investor, pursuant to which the Company may issue and sell, from time to time, convertible promissory notes in an aggregate principal amount of up to $100.0 million. Upon the signing of the SPA, the Company issued and sold to the Investor an initial $5.0 million Promissory Note for a purchase price of $4.5 million. Aegis Capital Corp. acted as independent advisor for the transaction.
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