Workflow
Jeffs' Brands Ltd
icon
Search documents
Jeffs' Brands Ltd - Early Warning Regarding Acquisition Of Common Shares In Connection With Shares For Debt Transaction Of Fort Technology Inc.
Thenewswire· 2025-12-31 22:35
Core Viewpoint - Jeffs' Brands Ltd has acquired 3,401,603 common shares of Fort Technology Inc. as part of a debt settlement, increasing its ownership stake in the company significantly [2][4]. Group 1: Acquisition Details - Jeffs' Brands acquired the shares at a deemed issue price of $0.99 per share, settling an outstanding debt of USD 2,462,767, which is equivalent to CAD 3,367,587.60 based on the exchange rate on December 24, 2025 [2]. - Prior to the debt settlement, Jeffs' Brands held 14,285,714 shares and 9,428,571 contingent rights, representing approximately 75.02% on a non-diluted basis and 83.29% on a partially diluted basis [4]. - After the debt settlement, Jeffs' Brands holds 17,687,317 shares and 9,428,571 contingent rights, representing approximately 77.83% on a non-diluted basis and 84.33% on a partially diluted basis [4]. Group 2: Future Intentions - Jeffs' Brands holds its securities in Fort Technology Inc. for investment purposes and currently has no plans to acquire additional securities or dispose of its holdings, although it may do so depending on market conditions and other factors [5]. Group 3: Regulatory Compliance - The debt settlement triggered the requirement for Jeffs' Brands to file an early warning report as per applicable securities laws [3]. - A copy of the related early warning report can be obtained from the SEDAR+ website or directly from Jeffs' Brands [6].
Impact Acquisitions Announces Name Change
Thenewswire· 2025-07-02 15:00
Company Overview - Impact Acquisitions Corp. is changing its name to Fort Technology Inc., effective July 4, 2025 [1] - The company's common shares are currently halted at its request, pending approval from the TSX Venture Exchange (TSXV) [2] - The new trading symbol will be "FORT" with a new CUSIP of 349024109 and ISIN CA3490241096 [2] Proposed Transaction - The company is working towards closing an arm's length share sale transaction with Jeffs' Brands Ltd and Fort Products Limited, anticipated to close around July 7, 2025 [2] - The proposed transaction does not require shareholder approval as it is not classified as a "Non-Arm's Length Transaction" under TSXV policies [3] - Completion of the proposed transaction is subject to various conditions, including TSXV acceptance and any financing requirements [9] About Jeffs' Brands - Jeffs' Brands focuses on transforming e-commerce by creating and acquiring products to become market leaders, leveraging the Fulfillment by Amazon (FBA) business model [5] About Fort Products - Fort Products is a UK-based manufacturer specializing in pest control and remedial repair products, established in 2005 [6] About Impact - Impact is a capital pool company (CPC) aimed at identifying and evaluating potential acquisitions that can generate profits and add shareholder value [7]
Jeffs' Brands Announces Completion of Development Stage for Fort's AI-Based Pest Control App
Newsfilter· 2025-03-27 12:05
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]
Jeffs' Brands Announces Completion of Development Stage for Fort's AI-Based Pest Control App
GlobeNewswire News Room· 2025-03-27 12:05
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]
Jeffs' Brands Enters the Logistics Center Market by Closing Strategic Acquisition of a U.S. Company that Operates a U.S. Based Logistics Center
Newsfilter· 2025-03-18 12:35
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].
Jeffs' Brands Enters the Logistics Center Market by Closing Strategic Acquisition of a U.S. Company that Operates a U.S. Based Logistics Center
GlobeNewswire News Room· 2025-03-18 12:35
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].
Jeffs' Brands Achieves an Important Milestone Towards Completion of Fort's Proposed Merger with a Publicly Traded Company – Receives Valuation Report of Fort for Approximately US$11.6 - US$14.2 Million
Newsfilter· 2025-03-13 11:10
Core Viewpoint - Jeffs' Brands Ltd is progressing towards a merger with Fort Products Limited, with a valuation report indicating Fort Products' equity interests are valued between CAD 16.8 million and CAD 20.5 million (approximately US$11.6 million to US$14.2 million) as of January 31, 2025 [1][2]. Group 1: Merger Details - The Proposed Merger involves Impact Acquisitions Corp acquiring 100% of Fort Products' equity interests in exchange for 75.02% ownership of Impact's share capital, potentially increasing to 83.29% based on milestone achievements [3]. - A minimum valuation of CAD 14 million (approximately US$9.6 million) for Fort Products is required as a closing condition for the merger [2]. - The completion of the Proposed Merger is anticipated by May 31, 2025, subject to various conditions including due diligence and regulatory approvals [5]. Group 2: Company Background - Jeffs' Brands aims to innovate in e-commerce by creating and acquiring products to enhance their market presence, leveraging advanced technology and insights into the Amazon FBA business model [7]. - Fort Products, established in 2005, specializes in manufacturing and selling products for the pest control and remedial repair industry, boasting nearly 20 years of technical expertise [8].
Jeffs' Brands Achieves an Important Milestone Towards Completion of Fort's Proposed Merger with a Publicly Traded Company – Receives Valuation Report of Fort for Approximately US$11.6 - US$14.2 Million
GlobeNewswire News Room· 2025-03-13 11:10
Core Viewpoint - Jeffs' Brands Ltd is progressing towards a merger with Fort Products Limited, with a valuation report indicating Fort Products' equity interests are valued between CAD 16.8 million and CAD 20.5 million (approximately US$11.6 million to US$14.2 million) as of January 31, 2025 [1][2]. Group 1: Merger Details - The Proposed Merger involves Impact Acquisitions Corp acquiring 100% of Fort Products' equity interests in exchange for 75.02% ownership of Impact's share capital, potentially increasing to 83.29% based on milestones [3]. - A minimum valuation of CAD 14 million (approximately US$9.6 million) for Fort Products is required as a closing condition for the merger [2]. - The completion of the merger is anticipated by May 31, 2025, subject to various conditions including due diligence and regulatory approvals [5]. Group 2: Company Background - Jeffs' Brands aims to innovate in e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and insights into the Amazon FBA business model [7]. - Fort Products, established in 2005, specializes in manufacturing and selling products for the pest control and remedial repair industry, boasting nearly 20 years of technical knowledge [8].