Tel Aviv, Israel, July 21, 2025 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the appointment of Mr. Eliyahu Zamir as the Company’s new Chief Executive Officer, effective as of August 1, 2025. Mr. Eliyahu Zamir will replace Mr. Viki Hakmon, who will step down from his position as the Company’s Chief Executive Officer, effective as of July 31, 2025. On July 21, 2025, Mr. Hak ...

Tel Aviv, Israel, July 21, 2025 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the appointment of Mr. Eliyahu Zamir as the Company’s new Chief Executive Officer, effective as of August 1, 2025. Mr. Eliyahu Zamir will replace Mr. Viki Hakmon, who will step down from his position as the Company’s Chief Executive Officer, effective as of July 31, 2025. On July 21, 2025, Mr. Hak ...

Core Viewpoint - Jeffs' Brands Ltd has successfully completed the acquisition of Fort Products Limited, resulting in a significant equity stake in the newly merged entity, Fort Technology Inc, which is expected to enhance growth in the e-commerce sector [1][2][7]. Group 1: Acquisition Details - The acquisition transaction closed on July 7, 2025, with Jeffs' Brands selling all shares of Fort Products to Fort Technology for 100,000,000 common shares valued at approximately CAD 17.1 million (around $12.5 million) [2]. - Following the transaction, Jeffs' Brands holds a 75.02% equity stake in Fort Technology, which could increase to 83.29% upon meeting certain milestones [1][4]. - Fort Products is now a wholly-owned subsidiary of Fort Technology, which has changed its name from Impact Acquisitions Corp and is set to resume trading on the TSX Venture Exchange [3]. Group 2: Contingent Rights and Milestones - Jeffs' Brands is entitled to receive up to an additional 66,000,000 common shares contingent upon achieving specific milestones, including a successful listing on a U.S. Exchange and reaching annual revenues of at least USD 15 million by December 31, 2028 [4][5]. - The milestones include raising $8 million in equity or debt financing by July 7, 2029, and completing an uplisting transaction by July 7, 2027 [5]. Group 3: Strategic Implications - The transaction is expected to leverage Fort Products' innovative e-commerce platform, which specializes in high-margin products sold on the Amazon Marketplace, to drive significant growth in global online retail markets [7]. - Jeffs' Brands aims to transform the e-commerce landscape by creating and acquiring products to become market leaders, utilizing advanced technology and management insights [10].

Core Viewpoint - Impact Acquisitions Corp. has successfully completed a share sale transaction with Jeffs' Brands Ltd, resulting in a name change to Fort Technology Inc. and a new trading symbol "FORT" [1][2]. Transaction Details - The transaction involved the transfer of all issued and outstanding securities of Fort Products Limited to the Company in exchange for 100,000,000 common shares and 66,000,000 contingent rights [3]. - The contingent rights allow Jeffs Brands to acquire additional common shares based on specific conditions, including a successful listing on a US Exchange, raising US$8,000,000 in financing, and achieving annual revenues of US$15,000,000 by December 31, 2028 [4]. Share Issuance and Trading - The Company issued 5,000,000 common shares as a finder's fee related to the transaction [5]. - Trading of the Company’s shares under the new symbol "FORT" is expected to resume on or about July 10, 2025, following final acceptance from the TSX Venture Exchange [6]. Escrow Agreements - Certain principals of the Company will have 102,000,000 common shares and 66,000,000 contingent rights subject to escrow, with a release schedule defined by Exchange policies [7]. - Current and former shareholders are also subject to a separate escrow agreement regarding 3,700,000 common shares and 580,000 incentive stock options [8]. Management and Governance - The new board of directors and executive management includes Gabriel Kabazo as CEO and Ronen Zalayet as CFO, among others [9]. - The Company plans to appoint Brightman Almagor Zohar & Co. as its auditors [10]. Financial Reporting - The fiscal year end for the Company will be December 31, and interim financial statements for Fort Products will be published within 60 days after June 30, 2025 [11]. Company Overview - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry, with nearly 20 years of experience since its establishment in 2005 [12].

Core Viewpoint - Jeffs' Brands Ltd has entered into a Securities Purchase Agreement to issue up to $100 million in convertible promissory notes, with an initial closing resulting in $4.5 million in gross proceeds from a $5 million note [1][3]. Group 1: Securities Purchase Agreement Details - The Company issued an initial $5 million Promissory Note for a purchase price of $4.5 million [1]. - The Company may request additional Promissory Notes of up to $2.5 million per quarter starting December 1, 2025, with a total limit of $50 million until that date and $25 million per quarter thereafter [3][4]. - Each Additional Promissory Note will be issued at a 10% original issue discount and will accrue interest at an annual rate of 4%, increasing to 14% upon default [5]. Group 2: Conversion and Repayment Terms - The Investor has the option to convert outstanding amounts under each Promissory Note into Ordinary Shares at a conversion price of either $6.80 per share or 88% of the lowest daily volume weighted average price during the preceding 20 trading days, subject to a 4.99% ownership limitation [6]. - Each Promissory Note is to be repaid in ten equal monthly installments starting 18 months after issuance [5]. Group 3: Company Strategy and Use of Proceeds - The net proceeds from the sale of the Promissory Notes will be used for working capital, general corporate purposes, and potential acquisitions to explore strategic opportunities [3]. - The Company is not obligated to issue any Additional Promissory Notes and there are no penalties or minimum drawdown requirements [7]. Group 4: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the Amazon FBA business model [9].

Core Viewpoint - Jeffs' Brands Ltd has announced the acquisition of Fort Products Limited by Impact Acquisitions Corp, with the transaction expected to enhance growth in the e-commerce sector, particularly on the Amazon Marketplace [1][5][6] Group 1: Proposed Transaction Details - The TSX Venture Exchange has approved the acquisition of 100% equity interests of Fort Products by Impact, with an initial ownership of 75.02% and potential increase to 83.29% based on milestones [1][3] - Impact will issue 100,000,000 common shares to Jeffs' Brands at a deemed price of CAD $0.171246 per share, totaling approximately CAD $17.1 million (around US $12.5 million) [1] - The fair market value of Fort, as per an independent valuation report, ranges from CAD $16.86 million to CAD $20.59 million (approximately US $12.5 million to US $15 million) [1] Group 2: Impact and Future Plans - Upon completion of the transaction, Impact is expected to be listed as a Tier 2 technology issuer on the TSXV, with approximately 133,300,000 common shares outstanding [3] - Jeffs' Brands may receive an additional 66,000,000 common shares contingent on achieving certain milestones, potentially increasing its ownership to 83.29% [3] - The acquisition aims to leverage Fort's e-commerce platform to drive significant growth in global online retail markets [5] Group 3: Company Background - Jeffs' Brands focuses on transforming e-commerce by creating and acquiring products to become market leaders, utilizing advanced technology and insights into the Amazon FBA business model [7] - Fort Products, established in 2005, specializes in pest control and remedial repair products, boasting nearly 20 years of technical knowledge in the industry [8]

Core Viewpoint - Jeffs' Brands Ltd plans to implement a one-for-seventeen reverse share split, reducing the number of outstanding shares from approximately 9.4 million to about 553,385, effective June 16, 2025 [1][3]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on April 28, 2025, and will be executed at the board's discretion [2]. - The reverse split will not change the authorized share capital, which remains at 1.5 billion ordinary shares [2]. - All shareholders will be affected uniformly, with no change to their percentage ownership, except for minor adjustments related to fractional shares [3]. Group 2: Shareholder Impact - The number of issued and outstanding ordinary shares will decrease significantly, from 9,407,534 to approximately 553,385 [3]. - Fractional shares will not be issued; instead, they will be rounded to the nearest whole share at the DTC participant level [3]. - Adjustments will be made to the exercise price and the number of shares for all outstanding options and warrants, with similar rounding for fractional shares [3]. Group 3: Company Overview - Jeffs' Brands is focused on transforming e-commerce by creating and acquiring products to become market leaders, leveraging insights into the Amazon FBA business model [4].

Core Viewpoint - Jeffs' Brands Ltd plans to implement a one-for-seventeen reverse share split, reducing the number of outstanding shares from approximately 9.4 million to about 553,385, effective June 16, 2025 [1][3]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on April 28, 2025, and will be executed at the board's discretion [2]. - The reverse split will not change the authorized share capital, which remains at 1.5 billion ordinary shares [2]. - All shareholders will be affected uniformly, with no change to their percentage ownership, except for minor adjustments related to fractional shares [3]. Group 2: Shareholder Impact - The number of issued and outstanding ordinary shares will decrease significantly, and fractional shares will be rounded to the nearest whole share [3]. - Adjustments will be made to the exercise price and the number of shares for all outstanding options and warrants, with no fractional shares issued upon exercise [3]. Group 3: Company Overview - Jeffs' Brands is focused on transforming e-commerce by creating and acquiring products, leveraging insights into the Amazon FBA business model [4].

Tel Aviv, Israel, May 28, 2025 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a securities purchase agreement with an institutional investor or the Investor, for aggregate gross cash proceeds of approximately $581 thousand, before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for wor ...

Tel Aviv, Israel, May 27, 2025 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, is preparing for the official launch of its innovative artificial intelligence (“AI”)-powered pest control mobile application on the Apple iOS and Android platforms. The Fort app, designed by Fort Products Limited (“Fort”), the Company's wholly-owned subsidiary, has successfully launched on the Apple App Store and ...