Core Viewpoint - Jeffs' Brands Ltd has successfully completed the development phase of its AI-based pest control mobile application, which is now undergoing internal testing before its launch on the Apple App Store and Google Play [1][2][3] Group 1: Application Development - The AI-based pest control app aims to provide intelligent and accessible solutions directly to users' smartphones [2] - The application is designed to help users identify pests and offers tailored treatment recommendations based on type, severity, and user preferences [3] - The app will also include curated product suggestions, featuring Fort's proprietary solutions [3] Group 2: Company Overview - Jeffs' Brands focuses on transforming e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and human capability [4]

Core Insights - Jeffs' Brands Ltd has successfully completed the development phase of its AI-based pest control mobile application, which is now undergoing internal testing before its launch on the Apple App Store and Google Play [1][2][3] Group 1: Application Development - The innovative app aims to provide intelligent and accessible pest control solutions directly to users' smartphones [2] - The application leverages artificial intelligence to help users identify pests and offers tailored treatment recommendations based on type, severity, and user preferences [3] - Fort Products Ltd, a wholly-owned subsidiary of Jeffs' Brands, is focused on perfecting the app's functionality and usability through rigorous internal testing [3] Group 2: Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, utilizing both human capability and advanced technology [4]

Core Viewpoint - Jeffs' Brands Ltd has successfully completed the acquisition of Pure NJ Logistics LLC for a total of $2.6 million, aiming to enhance its supply chain and third-party service capabilities [1][3]. Group 1: Acquisition Details - The acquisition includes a base payment of $2.1 million and a deferred payment of $500,000, with the latter to be paid in ten monthly installments of $50,000 starting after six months [3]. - The logistics facility spans approximately 100,000 square feet and features 20 loading docks, strategically located near major U.S. ports and airports, facilitating efficient transportation and logistics operations [2][3]. Group 2: Strategic Implications - The acquisition is expected to support Jeffs' Brands' expansion and improve inventory management and order fulfillment, addressing the growing demand in the e-commerce sector [2][3]. - The facility's design allows for high container volumes, which is crucial for scaling operations effectively in a fast-paced e-commerce environment [2]. Group 3: Financial Arrangements - As part of the acquisition, the company issued warrants to the sellers to purchase up to 181,819 ordinary shares at an exercise price of $2.75, serving as security for the repayment of the promissory notes [4]. - An additional cash payment of approximately $247,401.87 was made to cover an outstanding security deposit related to a lease agreement of Pure Logistics [5]. Group 4: Governance and Compliance - The acquisition was approved by the company's audit committee and board of directors, ensuring compliance with Israeli Companies Law due to potential conflicts of interest involving company executives [6].

Core Viewpoint - Jeffs' Brands Ltd has successfully closed a $2.6 million acquisition of Pure NJ Logistics LLC, aiming to enhance its supply chain and third-party service offerings through a strategically located logistics facility [1][2]. Acquisition Details - The acquisition involves a logistics center of approximately 100,000 square feet with 20 loading docks, located near major U.S. ports and airports, facilitating improved transportation and logistics operations [2]. - The total consideration for the acquisition includes a base payment of $2.1 million 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 a 9% annual interest rate, to be paid in ten monthly installments of $50,000 starting after the sixth month [3][4]. Financial Arrangements - As security for the promissory notes, the company issued warrants to the sellers for the purchase of up to 181,819 ordinary shares at an exercise price of $2.75 per share [4]. - An additional cash payment of approximately $247,401.87 was made to cover an outstanding security deposit under a current lease agreement of Pure Logistics [5]. Management and Governance - The acquisition was approved by the company's audit committee and board of directors, with disclosures regarding potential conflicts of interest involving former directors and family members of controlling shareholders [6]. Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the Amazon FBA business model [7].

Tel Aviv, Israel, March 13, 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 further to its press release dated February 6, 2025, regarding the definitive agreement to complete the contemplated merger of Fort Products Limited, a U.K.-based private company and a wholly owned subsidiary of the Company ("Fort Products"), with Impact Acquisitions Corp. ("Impact"), a capi ...

Tel Aviv, Israel, March 13, 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 further to its press release dated February 6, 2025, regarding the definitive agreement to complete the contemplated merger of Fort Products Limited, a U.K.-based private company and a wholly owned subsidiary of the Company (“Fort Products”), with Impact Acquisitions Corp. (“Impact”), a capi ...

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 [2][3]. 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 closing expected within seven business days [4]. - The deferred payment will be made through promissory notes with an annual interest rate of 9%, repayable in ten monthly installments of $50,000 each [4][5]. - As security for the promissory notes, the company will issue warrants to the sellers to purchase ordinary shares at an initial exercise price of $2.75 [5]. Strategic Benefits - The logistics center is expected to enhance efficiency by streamlining operations for inventory management and order processing, crucial for e-commerce businesses [9]. - Its location near major transportation hubs like Newark and JFK Airports will allow for quicker turnaround times, reducing logistical hurdles [10]. - The facility's 20 loading docks will enable capacity expansion to meet increasing customer demand effectively [10]. Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products, leveraging insights into the Amazon FBA business model to unlock growth potential [11].

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].