Articles from Jeffs' Brands Ltd

Tel Aviv, Israel, Feb. 06, 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 it that, further to its press release on January 3, 2025, is has entered into a definitive agreement to complete the contemplated merger of Fort Products Limited, a UK-based private company and a wholly owned subsidiary of the Company (“Fort Products”), with Impact Acquisitions Corp. (“Impact”), a capital pool company listed on the TSX Venture Exchange (the “Proposed Merger”).

Tel Aviv, Israel, Jan. 28, 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, announced today that its wholly-owned (100%) subsidiary, Fort Products Limited. (“Fort”) has signed an agreement with a developer, to integrate the DeepSeek platform, an artificial intelligence (“AI”) platform, into Fort’s website. This integration aims to optimize data analysis, enhance user experiences, and drive operational efficiency.

The U.S. market, together with the rest of North America, is anticipated to be the World’s Fastest Growing Pesticides Market

The previous letter of intent with a U.S. public company was terminated pursuant to its own terms and Jeffs’ Brands has entered into a new non-binding letter of intent to for the acquisition of its wholly-owned U.S. Subsidiary, Smart Repair Pro, and its approximately 49.1% ownership interest in SciSparc Nutraceuticals Inc., by a Canadian public company in exchange for an up to 90% equity (on a fully diluted basis) interest in such company

Tel Aviv, Israel, Jan. 10, 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 its preliminary estimated preliminary results for the year ended December 31, 2024, highlighting estimated revenue growth, expansion of the Company’s e-commerce platforms and plans to continue to explore merger and acquisition opportunities.

Tel Aviv, Israel, Jan. 03, 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, has signed a non-binding Letter of Intent (LOI) for the potential merge Fort Products Limited, a UK-based private company, with Impact Acquisitions Corp., a capital pool company listed on the TSX Venture Exchange.

Innovative Drone Safety Systems Now Available Exclusively on Amazon US

Tel Aviv, Israel, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced that it has entered into an agreement granting it the exclusive worldwide right to distribute certain advanced drone safety systems developed by a leading drone company for a period of two years and subject to certain conditions. The innovative drone safety systems will be sold by the Company exclusively through the Amazon’s global marketplace.

Tel Aviv, Israel, Dec. 06, 2024 (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 it has received a written notice from Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

Tel Aviv, Israel, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that it has entered into an agreement granting it the exclusive worldwide right to distribute certain advanced drone safety systems developed by a leading drone company (the “Licensor”) for a period of two years and subject to certain conditions. The innovative drone safety systems will be sold by the Company exclusively through the Amazon’s global marketplace.

Jeffs' Brands enters service robotics market, expected to reach $84.8 billion by 2028 according to MarketandMarkets, through this new joint venture

Tel Aviv, Israel, Dec. 02, 2024 (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 its wholly owned subsidiary, Fort Products Ltd. (“Fort”), marked exceptional performance during November 2024, reaching over $1.2 million in sales from its platform on the Amazon Marketplace in the UK and Europe, according to its seller dashboard. This represents an impressive 83% growth compared to approximately $659,000 in November 2023.

The trademark registration covers Wellution®’s skin and hair care product lines

Deliverz.AI flagship robot, Polly, is already in use at Israel’s Sheba Medical Center, ranked the 9th best hospital in the world, according to Newsweek magazine, where it autonomously delivers chemotherapy drugs across complex hospital environments

Tel Aviv, Israel, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announces transformative initiatives by its wholly owned subsidiary, Fort Products Ltd. (“Fort”), to reshape pest control solutions and online shopping experiences, as previously announced on November 14, 2024 and November 18, 2024.

Tel Aviv, Israel, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that it has entered into a patent licensing agreement (the “Licensing Agreement”), with Xiamen Fast Power Co., Ltd. (“Xiamen”), a Chinese company specializing in advanced photovoltaic technology. This Licensing Agreement grants Jeffs’ Brands the right to use the registered patent number 6345668 owned by Xiamen, which covers innovative waterproof photovoltaic board technology, for a period of three years in exchange for royalty payments.

Following the reverse share split the Company will have approximately 719,367 outstanding shares out of which approximately 520,290 will be publicly held

Fort, 100% owned by Jeff’s Brands, aims to enhance its product ecosystem by providing customers with an integrated AI based platform

Following the reverse share split the Company will have approximately 719,367 outstanding shares out of which approximately 520,290 will be publicly held

Looks to Integrate Cryptocurrency, such as Bitcoin, as Payment Option

Jeffs’ Brands Plans to Retain Up to a 90% Equity Stake in the Acquiring Entity, Positioned for Future Growth

Jeffs' Brands plans to sell its wholly-owned U.S. subsidiary, Smart Repair Pro, to a public company, in exchange for an equity stake of up to 90% in the acquiring entity post transaction.

No Immediate Effect on Nasdaq Listing or Trading of the Company’s Ordinary Shares

Tel Aviv, Israel, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced that its subsidiary, Fort Products (“Fort”), has been classified as a Key Account, granting eligibility for the prestigious Amazon Top Seller Program (the “Top Seller Program”). This accomplishment, announced on September 23, 2024, emphasizes Fort Products’ solid performance and growth potential within Amazon's marketplace.

Tel Aviv, Israel, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today the successful growth of its subsidiary Fort Product Ltd. (“Fort”) across Europe following its recent launch of commercialization of its products in multiple territories. Fort’s strong performance and positive reviews in the UK have proven instrumental in driving demand for Fort’s pest control solutions in additional European markets.

Tel Aviv, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that its subsidiary, Fort Products (“Fort”), has been classified as a Key Account, granting eligibility for the prestigious Amazon Top Seller Program (the “Top Seller Program”). This achievement underscores Fort Products’ solid performance and growth potential within Amazon's marketplace.

Tel Aviv, Israel, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, is pleased to announce that its wholly-owned subsidiary Fort Product Ltd. (“Fort”) has signed a lease agreement for a new warehouse in England. This strategic move is designed to support Fort’s growth and manage the increased inventory following the transfer of production to China.

Tel Aviv, Israel, July 08, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today preliminary unaudited financial results for Fort Products Ltd. (“Fort”), its wholly owned subsidiary, pertaining to its revenue from sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results are for the first half 2024, starting on January 1, 2024, and ending on June 30, 2024 (the “Period").

Tel Aviv, Israel, July 02, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that its wholly-owned subsidiary Fort Product Ltd. (“Fort”) entered into a non-binding Letter of Intent (“LOI”) with a company based in the Sultanate of Oman (the “Partner”).This LOI will serve as a base to negotiate entering into a commercial agreement with the Partner, pursuant to which Fort will, among other things, grant the Partner an exclusive license to market, resell and distribute Fort’s pest control products in the Gulf States, including the United Arab Emirates (“UAE”), at the exception of on any Amazon marketplace in the world, whether within or outside the Gulf States, and other customary exemptions to be included in the definitive agreements and conditioned upon the Partner meeting a minimum requirement as defined therewithin.

Final approval received by tax authorities, allowing Fort to begin marketing its products in Germany

The company is seeking to support ongoing growth with this potential acquisition

Tel Aviv, Israel, May 16, 2024 (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 preliminary unaudited financial results for Fort Products Ltd. (“Fort”), its wholly owned subsidiary, on its revenue for sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results are for the first quarter of 2024, starting on January 1, 2024, and ending on March 31, 2024 (the “Period").

Tel Aviv, Israel, April 30, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (the “Company” or “Jeffs’ Brands”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a grace period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice does not immediately affect the Company’s Nasdaq listing or the trading of its ordinary shares and warrants. During the grace period, as may be extended, the Company’s ordinary shares and warrants will continue to trade on Nasdaq under the symbols “JFBR” and “JFBRW,” respectively.

Tel Aviv, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd. (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced the filing of its 2023 Annual Report on Form 20-F with the Securities and Exchange Commission.

The newly launched pest control products are already available for purchase, addressing the European market and targeting multiple sectors

Tel Aviv, Israel, Feb. 06, 2024 (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 the commencement of sales for the brand of its wholly-owned subsidiary Fort Products Ltd., of pest control solutions on the Amazon Marketplace in France. This expansion is part of the Company's strategy to address the growing demand for effective pest control solutions globally.

Fort will exclusively market and sell the products within an unlimited territory

The new dedicated production line will facilitate in meeting future demands and cost reductions

Tel Aviv, Israel, Jan. 30, 2024 (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 the closing of its recently announced private placement with certain institutional investors on January 29, 2024. The aggregate gross cash proceeds were $7.275 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes, as well as for potential acquisitions, but it does not have any pending acquisitions at this time.

Tel Aviv, Israel, Jan. 25, 2024 (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 it has entered into securities purchase agreements with certain institutional investors for aggregate gross cash proceeds of $7.275 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes, as well as for potential acquisitions but does not have any pending acquisitions at this time.

Fort will exclusively market and sell the products within an unlimited territory

The Company signed a non-binding letter of intent to invest $2.5 million for a 70% stake in a new company to be incorporated that will develop laser- based charging solutions for drones and unmanned aircrafts

The Company signed a non- binding letter of intent to acquire 70% stake in cutting-edge laser-based technology company, developing anti-drone solutions

The Company will hold a 70% interest in a new company to be incorporated that will develop laser- based charging solutions for drones and unmanned aircrafts

The technology solutions aim to neutralize visual systems such as cameras that are installed on drones, unmanned and manned aircrafts as well as other devices with visual systems

The Bolly Jon brand aims to revolutionize hair care with stem cell ingredients produced in Italy

The Bolly Jon brand aims to revolutionize hair care with stem cell ingredients produced in Italy

Jeffs' Brands' leading brand Fort partnered with EasyLure for the sale and distribution of its innovative pest control solution

Final approvals received by tax authorities, allowing the brand to start marketing its products

Tel Aviv, Israel, Nov. 29, 2023 (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 Company's board of directors resolved to initiate a process to identify potential strategic transactions, in the field of advanced technologies, with the goal of maximizing shareholder value.

The new product is available now on the Amazon Marketplace in the U.S. under the Wellution™ brand, just in time for the holiday season

Tel Aviv, Israel, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announces the successful integration of Fort Products Ltd. (“Fort”) with the Company's business, targeting the global pest control products market, estimated to reach revenues of $2.8 billion by 2028, growing from $1.8 billion in 2020, according to Research Dive. The Company previously announced its acquisition of Fort, which sells pest control products, in March 2023, and since then has been utilizing its unique technology to increase sales of existing products offered by Fort and to identify demand for additional products.

In early October, the French government unveiled a coordinated initiative aimed at combatting the recent outbreak of bedbugs in preparation for the 2024 Paris Olympics games

Following the reverse share split, the Company will have approximately 1,188,805 Ordinary Shares issued and outstanding, out of which approximately 52.5% are held by insiders

Following the reverse share split, the Company will have approximately 1,188,805 Ordinary Shares issued and outstanding.

Tel Aviv, Israel, Oct. 27, 2023 (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 the expansion of its highly successful brand of pest control solutions (“Fort Brand”), to the Amazon Marketplace in France. This strategic move marks another significant step in Jeffs' Brands' mission to provide top-notch pest control solutions to customers worldwide.

The Company has entered into a non-binding letter of intent for, among others, the integration of the AI-based tool developed by B24Chat which will strengthen Jeffs' Brands' in-house marketing system and upgrade its marketing and services performance.  

The Fort Brand's sales from the beginning of 2023 amounted to over $3.1 million in the U.K. alone, selling on the Amazon Marketplace U.K., eBay and other online platforms

Tel Aviv, Israel, June 07, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company” or “Jeffs' Brands”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that SciSparc Nutraceuticals Inc. ("SciSparc Nutraceuticals"), in which the Company owns a 49% equity interest, has entered into an exclusive license and distribution agreement to sell and market CannAmide™ on the Amazon.com marketplace in Canada (“License Agreement”). The exclusive license was granted by SciSparc Ltd. (Nasdaq: SPRC), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system.

Tel Aviv, Israel, June 06, 2023 (GLOBE NEWSWIRE) --  Jeffs' Brands Ltd (the “Company” or “Jeffs' Brands”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a grace period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice does not immediately affect the Company's Nasdaq listing or the trading of its ordinary shares and warrants. During the grace period, as may be extended, the Company's ordinary shares and warrants will continue to trade on Nasdaq under the symbols “JFBR” and “JFBRW,” respectively.

Tel Aviv, Israel, May 22, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company” or “Jeffs' Brands”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it successfully reduced time and costs associated with launching new products on the Amazon Marketplace using ChatGPT and other artificial intelligence (AI)-based tools.

Upon the closing which occurred on March 22, 2023, the purchase price was adjusted from $2.5 million and increased to approximately $3 million.

Expands the brands' reach to Amazon’s most dominant territory

The U.K.-based company had approximately $5.8 million revenues in 2022

The food supplements and cosmetics brand is profitable with millions of dollars in gross annual sales

The collaboration is designed to develop new and advanced tools for improved targeting, maximize campaigns and increase exposure and sales

The food supplements and cosmetics brand is profitable with millions of dollars in annual sales

The Company's brands generated revenues of approximately $190,000

 The UK company had Approximately $6 Million Revenues in 2021 and purchase price expected to be approximately $2.5 million

The new line of products will be in the fields of quality health and lifestyle products, such as nutritional and dietary supplements for various purposes

Using its advanced technology, the Company evaluated new lucrative products and now offers them in its stores

The Company entered into an agreement with a storage and logistics center in New York to serve Fulfillment by Merchant (FBM) activities, direct sales and the launch of its brands on new platforms

If completed, it would be the Company’s first acquisition since the completion of its IPO