Core Viewpoint - Jeffs' Brands Ltd has successfully completed the acquisition of Fort Products Limited, resulting in a significant equity stake in the newly merged entity, Fort Technology Inc, which is expected to enhance growth in the e-commerce sector [1][2][7]. Group 1: Acquisition Details - The acquisition transaction closed on July 7, 2025, with Jeffs' Brands selling all shares of Fort Products to Fort Technology for 100,000,000 common shares valued at approximately CAD 17.1 million (around $12.5 million) [2]. - Following the transaction, Jeffs' Brands holds a 75.02% equity stake in Fort Technology, which could increase to 83.29% upon meeting certain milestones [1][4]. - Fort Products is now a wholly-owned subsidiary of Fort Technology, which has changed its name from Impact Acquisitions Corp and is set to resume trading on the TSX Venture Exchange [3]. Group 2: Contingent Rights and Milestones - Jeffs' Brands is entitled to receive up to an additional 66,000,000 common shares contingent upon achieving specific milestones, including a successful listing on a U.S. Exchange and reaching annual revenues of at least USD 15 million by December 31, 2028 [4][5]. - The milestones include raising $8 million in equity or debt financing by July 7, 2029, and completing an uplisting transaction by July 7, 2027 [5]. Group 3: Strategic Implications - The transaction is expected to leverage Fort Products' innovative e-commerce platform, which specializes in high-margin products sold on the Amazon Marketplace, to drive significant growth in global online retail markets [7]. - Jeffs' Brands aims to transform the e-commerce landscape by creating and acquiring products to become market leaders, utilizing advanced technology and management insights [10].

July 7, 2025 – TheNewswire - Vancouver, British Columbia – Impact Acquisitions Corp. (TSXV: IMPC.P) (“Impact” or the “Company”) is pleased to announce that further to its news releases dated January 3, 2025, February 6, 2025, March 13, 2025, June 11, 2025, June 20, 2025, and July 2, 2025, the Company has closed its arm’s length share sale transaction (the “Transaction”) pursuant to a definitive agreement dated February 6, 2025, as amended (the “Agreement”), between the Company, Jeffs’ Brands Ltd, a corporat ...

July 2, 2025 – TheNewswire - Vancouver, British Columbia – Impact Acquisitions Corp. (TSXV: IMPC.P) (“Impact”, the “Company” or the “Resulting Issuer”) is pleased to announce that further to its press release on January 3, 2025, February 6, 2025, March 13, 2025, June 11, 2025, and June 20, 2025, the Company anticipates filing a Notice of Alteration to change its name from “Impact Acquisitions Corp.” to “Fort Technology Inc.”, effective July 4, 2025.Trading in the common shares of the Company (the “Common Sh ...

Tel Aviv, Israel, June 20, 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 the TSX Venture Exchange (“TSXV”) has approved the previously announced acquisition (the “Proposed Transaction”) by Impact Acquisitions Corp. (TSXV: IMPC.P) (“Impact”), of 100% of the equity interests of Fort Products Limited (“Fort”), a wholly-owned U.K.-based subsidiary of Jeffs’ Brands, in ...