Core Viewpoint - Jeffs' Brands Ltd has entered into a definitive agreement to acquire Pure NJ Logistics LLC, which operates a strategically located logistics facility, enhancing the company's supply chain capabilities and supporting its growth strategy [1][2]. Acquisition Details - The acquisition involves Smart Repair Pro acquiring 100% of Pure Logistics for a base payment of $2,100,000 and a deferred payment of $500,000, with the base payment made in cash at closing [3]. - The deferred payment will be structured through promissory notes with an annual interest rate of 9%, to be repaid in ten monthly installments of $50,000 starting after the sixth month anniversary of the closing [3][4]. - An additional cash payment of $247,401.87 will be made to cover an outstanding security deposit under a current lease agreement of Pure Logistics [5]. Strategic Benefits - The logistics center's location near major transportation hubs is expected to facilitate efficient transportation and logistics operations, crucial for e-commerce [2][9]. - The facility will enhance operational efficiency by providing ample space for inventory management and order processing [8]. - With 20 loading docks, the center is well-equipped to handle large volumes, enabling the company to meet increasing customer demand effectively [9]. Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products, leveraging insights into the Amazon business model to tap into growth potential [10].

Core Viewpoint - Impact Acquisition Corp. is set to undergo a reverse takeover by Jeffs' Brands Ltd, which will involve the acquisition of Fort Products Limited, marking a significant transaction expected to be completed by May 31, 2025 [1][4]. Proposed Transaction - The transaction involves Jeffs Brands transferring all issued and outstanding securities of Fort Products to Impact in exchange for 100,000,000 common shares and 66,000,000 contingent rights [2]. - The contingent rights allow for the acquisition of additional shares based on specific milestones, including 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 [2]. Conditions for Completion - Completion of the transaction is contingent upon various approvals, including regulatory and court approvals, and the accuracy of representations made by both parties [3]. - The transaction is expected to be completed by May 31, 2025, pending the satisfaction of all conditions [4]. Resulting Issuer Capitalization - Post-transaction, approximately 133,300,000 Resulting Issuer Shares are expected to be issued on a non-diluted basis, with existing shareholders of Impact holding about 21.23% and Jeffs Brands holding approximately 75.02% [9]. Financial Information of Fort Products - For the year ended December 31, 2024, Fort Products reported current assets of US$3,990,000, total assets of US$4,125,000, revenue of US$9,875,000, and a net income of US$342,000 [10]. Management and Board Composition - The board of directors for the Resulting Issuer will include five members, with Gabi Gabazo as CEO and Ronen Zalayet as CFO [11][17][18]. Trading and Sponsorship - Trading of Impact's shares has been halted pending the completion of the transaction, and the company intends to apply for a waiver from the sponsorship requirement for the Qualifying Transaction [20][21]. Company Backgrounds - Jeffs' Brands focuses on transforming e-commerce products into market leaders, leveraging the Fulfillment by Amazon business model [22]. - Fort Products specializes in manufacturing and selling products for the pest control and remedial repair industry, established in 2005 [23]. - Impact is a capital pool company aimed at identifying and evaluating potential acquisitions to generate profits and enhance shareholder value [24].

Core Viewpoint - Jeffs' Brands Ltd has announced a definitive agreement to merge its wholly owned subsidiary Fort Products Limited with Impact Acquisitions Corp, a capital pool company, with the transaction expected to enhance its market position in e-commerce [1][2][3]. Group 1: Proposed Merger Details - The merger involves Impact Acquisitions acquiring 100% of Fort Products' equity interests, with Jeffs' Brands potentially owning between 75.02% and 83.29% of Impact's share capital based on performance milestones [2]. - The total valuation of Impact is approximately 4.8 million CAD (around US $3.3 million), while Fort Products is valued at approximately 17.1 million CAD (around US $11.9 million) [3]. - A condition for closing the transaction is that the fair market value of Fort Products' equity interests must not be less than 14 million CAD (approximately US $9.7 million) [4]. Group 2: Transaction Conditions and Timeline - The completion of the merger is subject to various conditions, including due diligence, corporate and regulatory approvals, and a Pre-Ruling from the Israel Tax Authority [5]. - The anticipated completion date for the transaction is by May 31, 2025, contingent upon meeting all conditions [6]. Group 3: Company Backgrounds - Jeffs' Brands aims to innovate in e-commerce by creating and acquiring products, leveraging advanced technology and market insights to drive growth [8]. - Fort Products is a UK-based manufacturer specializing in pest control and remedial repair products, with nearly 20 years of industry experience [9]. - Impact Acquisitions is a capital pool company focused on identifying and evaluating potential acquisitions that can generate profits and enhance shareholder value [10].

Core Viewpoint - Jeffs' Brands Ltd has announced a definitive agreement to merge its wholly owned subsidiary Fort Products Limited with Impact Acquisitions Corp, a capital pool company, with the transaction expected to be completed by May 31, 2025 [1][6]. Group 1: Proposed Merger Details - The merger involves Impact Acquisitions acquiring 100% of Fort Products' equity interests, with Jeffs' Brands potentially receiving 75.02% to 83.29% ownership of Impact's share capital based on performance milestones [2]. - The total valuation of Impact is approximately 4.8 million CAD (about US $3.3 million), while Fort Products is valued at approximately 17.1 million CAD (about US $11.9 million) [3]. - A condition for closing the transaction is that the fair market value of Fort Products' equity interests must not be less than 14 million CAD (approximately US $9.7 million) [4]. Group 2: Conditions and Approvals - The completion of the merger is subject to various conditions, including due diligence, corporate and regulatory approvals, and a Pre-Ruling from the Israel Tax Authority [5]. - Upon closing, Impact plans to issue equity to certain finders as compensation for advisory services related to the merger [7]. Group 3: Company Backgrounds - 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 [8]. - Fort Products is a UK-based manufacturer specializing in pest control and remedial repair products, with nearly 20 years of industry experience since its establishment in 2005 [9]. - Impact is a capital pool company focused on identifying and evaluating potential acquisitions that can generate profits and add shareholder value [10].

Core Insights - Jeffs' Brands Ltd has signed an agreement to integrate the DeepSeek AI platform into its subsidiary Fort Products Limited's website, aiming to enhance data analysis, user experience, and operational efficiency [1][4] - The integration of DeepSeek is expected to provide insights into consumer behavior, inventory trends, and market opportunities, allowing the company to refine product offerings and improve operational efficiency [2][3] - This strategic move follows the successful integration of ChatGPT, indicating a commitment to leveraging advanced technology for better market analytics and decision-making processes [3][4] Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, utilizing both human expertise and advanced technology [5] - The company focuses on the Fulfillment by Amazon (FBA) business model to tap into unrealized growth potential in the e-commerce sector [5] - The integration of DeepSeek aligns with the company's mission to innovate in e-commerce and expand its global footprint [4]

Core Insights - Jeffs' Brands Ltd has signed an agreement to integrate the DeepSeek AI platform into its subsidiary Fort Products Limited's website, aiming to enhance data analysis, user experience, and operational efficiency [1][4] - The integration of DeepSeek is expected to provide insights into consumer behavior, inventory trends, and market opportunities, allowing the company to refine product offerings and improve operational efficiency [2][3] - This strategic move follows the successful integration of ChatGPT, further enhancing e-commerce operations and enabling deeper market analytics [3] Company Strategy - The integration of DeepSeek represents a significant advancement for Jeffs' Brands, enabling smarter and faster decision-making, thereby strengthening its position in data-driven e-commerce innovation [4] - The company aims to combine human expertise with advanced technology to scale its offerings across new markets and expand its global e-commerce presence [4][5] - Jeffs' Brands focuses on transforming e-commerce by creating and acquiring products to tap into unrealized growth potential, leveraging the Fulfillment by Amazon (FBA) business model [5]

Core Viewpoint - The U.S. market, along with North America, is projected to be the fastest-growing pesticides market globally from 2024 to 2034, as reported by Precedence Research. Jeffs' Brands Ltd aims to leverage this growth by expanding its operations into the U.S. market following the success of Fort Products Ltd in the U.K. market [1]. Company Summary - Jeffs' Brands Ltd has issued a non-recourse convertible promissory note worth $2,850,000 to an institutional investor, with net proceeds of $2,565,000 intended for working capital, general corporate purposes, and potential acquisitions [1][2]. - The note carries a 10% original issue discount and is set to be repaid in one payment on the 18-month anniversary of its issuance, with an annual interest rate of 8%, increasing to 18% upon default [2]. - The note is convertible into ordinary shares at a conversion price of $2.80984 or 95% of the lowest daily volume weighted average price during the preceding 20 trading days [2]. - A warrant to purchase up to 760,720 ordinary shares was issued alongside the note, representing 75% coverage of the shares issuable upon conversion [3]. Industry Summary - The pesticides market in North America is expected to experience significant growth, with the U.S. leading this trend during the forecast period of 2024 to 2034 [1].

Core Viewpoint - Jeffs' Brands Ltd has entered into a new non-binding letter of intent for the acquisition of its subsidiary Smart Repair Pro and a minority stake in SciSparc Nutraceuticals Inc. by a Canadian public company, in exchange for up to a 90% equity interest in the Acquiror [1][2] Group 1: Transaction Details - The previous letter of intent with a U.S. public company was terminated, leading to the new agreement with a Canadian public company [1] - The transaction involves the transfer of all shares of Smart Repair Pro and the 49.1% ownership interest in SciSparc Nutraceuticals Inc. for an initial 75% of the Acquiror's shares, with potential additional shares to reach up to 90% equity interest based on milestones [2] - The transaction is expected to close by May 30, 2025, subject to due diligence, binding agreements, and regulatory approvals [3] Group 2: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products for the Amazon Marketplace, leveraging management insights and technology to enhance product offerings [5]

Core Viewpoint - Jeffs' Brands Ltd has entered into a new non-binding letter of intent for the acquisition of its subsidiary Smart Repair Pro and its 49.1% stake in SciSparc Nutraceuticals Inc. by a Canadian public company, in exchange for up to a 90% equity interest in the Acquiror [1][2] Group 1: Transaction Details - The previous letter of intent with a U.S. public company was terminated, leading to the new agreement with a Canadian public company [1] - The transaction involves the transfer of all shares of Smart Repair Pro and SciSparc Nutraceuticals Inc. to the Acquiror, with an initial payment of 75% of the Acquiror's shares upon closing [2] - The total valuation for Smart Repair Pro and the minority interest in SciSparc is approximately CAD 17.125 million (around USD 11.8 million) [1] Group 2: Transaction Timeline and Conditions - The transaction is expected to close by May 30, 2025, pending due diligence, execution of binding agreements, and regulatory approvals [3] - The New LOI can be terminated by either party if due diligence is unsatisfactory, and it will automatically terminate by March 31, 2025, if definitive agreements are not executed [3] Group 3: Corporate Governance - Certain directors of Jeffs' Brands also serve as directors in the Acquiror, and the New LOI was approved by the audit committee and board of directors in accordance with Israeli Companies Law [4] Group 4: Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products for the Amazon Marketplace, leveraging advanced technology and management insights to enhance product offerings [5]

Tel Aviv, Israel, Jan. 10, 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 its preliminary estimated preliminary results for the year ended December 31, 2024, highlighting estimated revenue growth, expansion of the Company's e-commerce platforms and plans to continue to explore merger and acquisition opportunities. Jeffs' Brands estimates its revenues for the year ended ...