Core Viewpoint - Jeffs' Brands Ltd, a data-driven e-commerce company, announced the interim financial results of its subsidiary Fort Products Limited, showing growth in revenues for the first half of 2025 compared to the same period in 2024 [1][2]. Financial Performance - Fort's revenues for the first six months of 2025 were approximately $4.9 million, reflecting a year-over-year growth of about 10% from approximately $4.4 million in the same period of 2024 [2]. - For the second quarter of 2025, revenues totaled approximately $2.6 million, a slight increase of about 3% compared to approximately $2.5 million in the second quarter of 2024 [2]. Financing Activities - Fort announced a private placement of convertible notes for gross proceeds of CAD 5,000,000, with a maturity of two years and an interest rate of 10% per annum, payable quarterly [3]. Company Overview - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry [4]. - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and management insights into the Amazon FBA business model [5].

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]

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 ...