
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]