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].
Jeffs' Brands Enters Into a Definitive Agreement to Acquire a U.S. Company that Operates a U.S. Based Logistics Center, aiming to Advance its Growth Strategy, for $2.6 million