Jeffs' Brands Ltd Ordinary Shares - JFBR STOCK NEWS

Jeffs' Brands (Nasdaq: JFBR) announced a 1-for-13 reverse share split effective November 19, 2024. The company's outstanding ordinary shares will be reduced from 9,351,768 to approximately 719,367, with trading under the same symbol 'JFBR' beginning on a split-adjusted basis on November 20, 2024. The split was approved by shareholders on July 17, 2024. The company's authorized share capital of 90,000,000 ordinary shares remains unchanged. No fractional shares will be issued, and proportionate adjustments will be made to outstanding options and warrants.

Jeffs' Brands (Nasdaq: JFBR) has announced that its subsidiary, Fort Products, will integrate cryptocurrency payment options into its online platform. Through an agreement with a software development company, Fort plans to implement Bitcoin and other cryptocurrency payment capabilities during the first quarter of 2025. The integration aims to enhance customer convenience and expand Fort's global reach. A third-party payment processor will handle cryptocurrency transactions, converting them to fiat currency before transferring to Fort. This initiative aligns with Fort's strategy to modernize its e-commerce operations and cater to cryptocurrency-friendly customers.

Jeffs’ Brands (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company, announced a strategic plan involving a non-binding Letter of Intent (LOI) to sell its U.S. subsidiary, Smart Repair Pro, to a U.S. public company traded on the OTC pink sheets. The proposed valuation for the sale is approximately $13.125 million.

Jeffs’ Brands will receive 75% of the Acquiring Company’s shares upon closing and an additional 15% equity stake upon meeting certain milestones, including an uplisting to a national U.S. exchange within three years. The transaction is expected to close by December 31, 2024, subject to due diligence, binding agreements, and regulatory approvals.

The initial valuation for the Acquiring Company is approximately $1.5 million, contingent on cash holdings of at least $750,000. Jeffs’ Brands aims to focus on core markets while retaining up to 90% equity in the Acquiring Entity for future growth.

Jeffs' Brands (JFBR) has entered into a non-binding letter of intent to sell its U.S. subsidiary, Smart Repair Pro, to a U.S. public company traded on OTC pink sheets. The deal values Smart Repair Pro at approximately $13.125 million. In exchange, Jeffs' Brands will receive 75% of the acquiring company's shares upon closing, with potential for an additional 15% stake if certain milestones are met, including uplisting to a national U.S. exchange within three years. The transaction values the acquiring company at approximately $1.5 million, contingent on minimum cash holdings of $750,000. The deal is expected to close by December 31, 2024, subject to due diligence and regulatory approvals.

Jeffs' Brands (Nasdaq: JFBR) has received a 180-day extension from Nasdaq until April 21, 2025, to regain compliance with the minimum $1 bid price requirement. The company failed to meet this requirement during the initial compliance period ending October 22, 2024. To maintain listing, JFBR must achieve a closing bid price of $1 or above for at least 10 consecutive trading days before the new deadline. The company meets all other Nasdaq Capital Market listing requirements except the bid price rule. Trading continues normally under symbol JFBR during this extension period.

Jeffs' Brands (Nasdaq: JFBR, JFBRW), an e-commerce company operating on Amazon Marketplace, announced that its subsidiary, Fort Products, has been classified as a Key Account by Amazon UK. This classification grants Fort Products eligibility for the prestigious Amazon Top Seller Program.

The recognition, announced on September 23, 2024, is based on Fort Products' robust sales performance and organic visibility score. Jeffs' Brands aims to capitalize on potential sales uplift opportunities by optimizing product listings and enhancing marketing efforts.

Viki Hakmon, CEO of Jeffs' Brands, expressed pride in this milestone, viewing it as a testament to their strategic approach in scaling brands. The company plans to leverage the tools and support available through the Top Seller Program to accelerate growth and expand market presence on Amazon's platform.

Jeffs' Brands (Nasdaq: JFBR, JFBRW) announced the successful growth of its subsidiary Fort Product across Europe following its recent launch in multiple territories. Fort's strong performance and positive reviews in the UK have driven demand for its pest control solutions in additional European markets. Since launching in France, Germany, Netherlands, and Spain in August 2024, the company has generated over $100,000 in sales of Fort's high-quality, effective pest control products.

CEO Viki Hakmon expressed enthusiasm for Fort's sales growth in Europe, attributing it to their data-driven approach in identifying key market opportunities. The company believes Fort's superior product quality and expanding reach will continue to drive growth across the region. This increase in sales aligns with Jeffs' Brands' strategy of expanding Fort's product offerings and footprint in Europe through Amazon's advanced marketplace tools and customer insights.

Jeffs' Brands (Nasdaq: JFBR, JFBRW) announced that its subsidiary, Fort Products, has been classified as a Key Account by Amazon UK, making it eligible for the prestigious Amazon Top Seller Program. This recognition is based on Fort Products' strong sales performance and organic visibility score on the Amazon Marketplace.

The company expects to capitalize on potential sales uplift opportunities across different business areas by optimizing product listings and enhancing marketing efforts. Viki Hakmon, CEO of Jeffs' Brands, expressed pride in this milestone and anticipates accelerated growth through Amazon's platform.

Jeffs' Brands plans to leverage the tools and support available through the Top Seller Program to further enhance Fort Products' visibility, sales strategies, and performance. The company will work closely with Amazon's dedicated support team to explore areas for optimization, aiming to expand its market presence and deliver value for shareholders.

Jeffs' Brands (Nasdaq: JFBR), an e-commerce company operating on Amazon Marketplace, has announced that its subsidiary Fort Product has leased a new warehouse in Newhaven, England. The 10,638 square feet facility will primarily be used for storage and distribution of Fort's pest control products. This strategic move aims to support Fort's growth and manage increased inventory following the transfer of production to China.

The annual rent for the warehouse is £52,000. CEO Viki Hakmon stated that this expansion will enable the company to better serve their growing customer base in the UK and Europe while reducing reliance on external logistic warehouses and cutting costs. The new property is expected to help streamline logistics to meet increasing demand efficiently.