Jeffs’ Brands (JFBR)
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Jeffs' Brands Launches AI-Driven Crypto Treasury Program with $75 Million Committed for Optimized Yield from Five Leading Crypto Coins
GlobeNewswire News Room· 2025-08-14 12:45
Core Viewpoint - Jeffs' Brands Ltd is implementing an AI-driven crypto treasury management program to optimize yields from leading cryptocurrencies, including Bitcoin and stable coins [1][2][3] Group 1: Treasury Program Overview - The Treasury Program will be managed by Quantum Crypto, an affiliate of Tectona Ltd, which holds a 41% stake in Horizon, a prominent Israeli crypto trading platform [1][3] - The Company plans to allocate up to $75 million from a private placement of convertible promissory notes for the Treasury Program, contingent on the successful setup of crypto wallets [2][4] - Quantum Crypto will provide necessary infrastructure and services for the Treasury Program, including speculative trading and staking services, while Jeffs' Brands retains ownership of its digital assets [4][5] Group 2: Financial Structure and Fees - Quantum Crypto will receive a one-time setup fee of $25,000, a monthly fee of 0.125% of the average daily balance of managed crypto assets, and a performance-based fee of 20% of gross revenues from staking [5] - The Company will issue Quantum Crypto a warrant to purchase up to 27,619 ordinary shares at an exercise price of $0.01 per share, representing approximately 4.99% of the currently outstanding shares [5] Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging both human capability and advanced technology [6]
Jeffs’ Brands: Fort Technology Announces a CAD 5 Million Private Placement of Convertible Debenture Representing a Valuation of Approximately CAD 27 million
Globenewswire· 2025-08-13 12:23
Core Viewpoint - Jeffs' Brands Ltd announced that its subsidiary Fort Technology Inc. has entered into a private placement of convertible debentures for gross proceeds of up to CAD 5 million, with a valuation of approximately CAD 27 million for Fort [1][2]. Group 1: Private Placement Details - The private placement involves convertible debentures that will mature in 2 years and bear an interest rate of 10% per annum, payable quarterly [1]. - The principal amount of the convertible debentures can be converted into units of Fort at a price of CAD 0.185 per unit, with each unit consisting of one common share and one warrant [1]. - The company participated in the private placement by purchasing CAD 2.2 million worth of convertible debentures, constituting a related-party transaction [3]. Group 2: Use of Proceeds and Loan Agreement - The net proceeds from the private placement will be used for general working capital requirements and to extend a loan under a separate loan agreement [2]. - Fort has entered into a loan agreement with EEH Ventures Limited, advancing an initial loan of £2 million, with an additional £1 million available after 12 months [5]. - The loan amounts bear an interest rate of 7.5% per annum and are repayable within three years, with an option for Fort to convert the loan into up to 25% of EEH's share capital [5]. Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and insights into the Amazon FBA business model [6]. - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry [7].
Jeffs' Brands: Fort Technology Announces a CAD 5 Million Private Placement of Convertible Debenture Representing a Valuation of Approximately CAD 27 million
GlobeNewswire News Room· 2025-08-13 12:23
Core Viewpoint - Jeffs' Brands Ltd announced that its subsidiary Fort Technology Inc. has entered into a private placement of convertible debentures for gross proceeds of up to CAD 5 million, with a valuation of approximately CAD 27 million for Fort [1][2]. Group 1: Private Placement Details - The private placement involves convertible debentures that will mature in 2 years and bear an interest rate of 10% per annum, payable quarterly [1]. - The principal amount of the convertible debentures can be converted into units of Fort at a price of CAD 0.185 per unit, with each unit consisting of one common share and one warrant [1]. - The company participated in the private placement by purchasing CAD 2.2 million worth of convertible debentures, constituting a related-party transaction [3]. Group 2: Use of Proceeds and Loan Agreement - The net proceeds from the private placement will be used for general working capital requirements and to extend a loan under a separate loan agreement [2]. - Fort has entered into a loan agreement with EEH Ventures Limited, advancing an initial loan of £2 million, with an additional £1 million available at EEH's request [5]. - The loan amounts bear interest at a rate of 7.5% per annum and are repayable within three years, with an option for Fort to convert the loan into up to 25% of EEH's share capital [5]. Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and insights into the Amazon FBA business model [6]. - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry [7].
Jeffs’ Brands Targets up to $75 Million in Launch of AI-Driven Crypto Treasury Strategic Program for Optimized Yield from Five Leading Crypto Coins
Globenewswire· 2025-08-04 13:07
Core Viewpoint - Jeffs' Brands Ltd is launching an AI-driven crypto treasury management program to optimize yields from leading cryptocurrencies, including Bitcoin and stable coins [1][2][4] Group 1: Treasury Program Overview - The Treasury Program will be managed by Quantum Crypto, an affiliate of Tectona Ltd, which holds a 41% stake in Horizon, a prominent Israeli crypto trading platform [1][3] - The Company plans to allocate up to $75 million from a private placement of convertible promissory notes for the Treasury Program, pending successful setup of crypto wallets [2][4] - Quantum Crypto will provide necessary infrastructure and services for the Treasury Program, including speculative trading and staking services, while Jeffs' Brands retains ownership of its digital assets [4][5] Group 2: Financial Structure and Fees - Quantum Crypto will receive a one-time setup fee of $25,000, a monthly fee of 0.125% of the average daily balance of managed crypto assets, and a performance-based fee of 20% of gross revenues from staking [5] - The Company will issue Quantum Crypto a warrant to purchase up to 27,619 ordinary shares at an exercise price of $0.01 per share, representing approximately 4.99% of the currently outstanding shares [5] Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging both human capability and advanced technology [6]
Jeffs' Brands Targets up to $75 Million in Launch of AI-Driven Crypto Treasury Strategic Program for Optimized Yield from Five Leading Crypto Coins
GlobeNewswire News Room· 2025-08-04 13:07
Core Viewpoint - Jeffs' Brands Ltd is launching an AI-driven crypto treasury management program to optimize yields from leading cryptocurrencies, including Bitcoin and stable coins [1][2][4] Group 1: Treasury Program Overview - The Treasury Program will be managed by Quantum Crypto, an affiliate of Tectona Ltd, which holds a 41% stake in Horizon, a prominent Israeli crypto trading platform [1][3] - The Company plans to allocate up to $75 million from a private placement of convertible promissory notes for the Treasury Program, pending successful setup of crypto wallets [2][4] - Quantum Crypto will provide necessary infrastructure and services for the Treasury Program, including speculative trading and staking services, while Jeffs' Brands retains ownership of its digital assets [4][5] Group 2: Financial Structure and Fees - Quantum Crypto will receive a one-time setup fee of $25,000, a monthly fee of 0.125% of the average daily balance of managed crypto assets, and a performance-based fee of 20% of gross revenues from staking [5] - The Company will issue Quantum Crypto a warrant to purchase up to 27,619 ordinary shares at an exercise price of $0.01 per share, representing approximately 4.99% of the currently outstanding shares [5] Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging both human capability and advanced technology [6]
Jeffs’ Brands Appoints Accomplished Capital Markets and Experience M&A Professional as Chief Executive Officer
Globenewswire· 2025-07-21 11:32
Core Viewpoint - Jeffs' Brands Ltd has appointed Mr. Eliyahu Zamir as the new Chief Executive Officer, effective August 1, 2025, succeeding Mr. Viki Hakmon, who will step down on July 31, 2025 [1][4] Group 1: Leadership Transition - Mr. Eliyahu Zamir brings over two decades of experience in corporate finance, public markets, M&A, and strategic growth [2] - Mr. Viki Hakmon has resigned from the Board of Directors effective immediately, but will continue to support the company as a consultant for its subsidiary, Fort Products Limited [1][4] Group 2: Mr. Zamir's Background - Mr. Zamir has led equity financing offerings totaling over $150 million from institutional investors and has experience in advising companies through IPOs and executing complex merger transactions [2] - He has served as a director at several publicly listed companies and has led financial and strategic initiatives in the renewable energy sector in Europe [3] Group 3: Company Vision - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the FBA Amazon business model [5] - The company believes Mr. Zamir's appointment is a significant step towards long-term strategic expansion and value creation for shareholders [4]
Jeffs' Brands Appoints Accomplished Capital Markets and Experience M&A Professional as Chief Executive Officer
GlobeNewswire News Room· 2025-07-21 11:32
Core Viewpoint - Jeffs' Brands Ltd has appointed Mr. Eliyahu Zamir as the new Chief Executive Officer, effective August 1, 2025, succeeding Mr. Viki Hakmon, who will step down on July 31, 2025 [1][4] Group 1: Leadership Transition - Mr. Viki Hakmon has resigned from his position as CEO and from the Board of Directors, effective immediately, but will continue to support the company as a consultant for its subsidiary [1] - Mr. Zamir brings over two decades of experience in corporate finance, public markets, M&A, and strategic growth, having held key executive and board positions in various sectors [2][3] Group 2: Mr. Zamir's Background - Mr. Zamir has led equity financing offerings totaling over $150 million from institutional investors and has experience in advising companies on IPOs and executing complex mergers [2] - He has served as a director at several publicly listed companies and has led financial and strategic initiatives in the renewable energy sector in Europe [3] Group 3: Strategic Vision - Jeffs' Brands believes that Mr. Zamir's appointment is a significant step towards long-term strategic expansion, capital markets engagement, and value creation for shareholders [4] - The company aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the FBA Amazon business model [5]
Jeffs' Brands Announces Closing of Acquisition Transaction: Fort Technology Inc. Expected to Resume Trading on TSX Venture Exchange
Globenewswire· 2025-07-08 11:32
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].
Fort Technology Inc. Announces Closing of Qualifying Transaction and Anticipated Trading Date
Thenewswire· 2025-07-07 18:20
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].
Jeffs' Brands Secures $100 million Securities Purchase Agreement to Support the Exploration of Strategic Opportunities
Globenewswire· 2025-06-26 12:38
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].