Jeffs Brands Ltd

Jeffs' Brands Ltd. operates as an e-commerce consumer products goods company. It operates as a holding company of three other e-commerce companies that operate online stores for the sale of various consumer products on the Amazon online marketplace, utilizing the Fulfillment by Amazon, or FBA model-Smart Repair Pro, purex Corp., or Purex, and Top Rank Ltd, or Top Rank. The company was founded by Viki Hakmon on March 7, 2021 and is headquartered in Tel Aviv, Israel.

Earnings data Q2 2023

Jeffs' Brands Ltd. operates as an e-commerce consumer products goods company. It operates as a holding company of three other e-commerce companies that operate online stores for the sale of various consumer products on the Amazon online marketplace, utilizing the Fulfillment by Amazon, or FBA model-Smart Repair Pro, purex Corp., or Purex, and Top Rank Ltd, or Top Rank. The company was founded by Viki Hakmon on March 7, 2021 and is headquartered in Bnei Braq, Israel.

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.

Jeffs' Brands Announces Receipt of Nasdaq Minimum Bid Price Notification

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, reported today its financial results for the year ended December 31, 2023. 2023 Fiscal Year Financial Overview: Revenue Growth: Jeffs' Brands reported a substantial increase in revenues, achieving $10,008 thousand in 2023, a remarkable growth of 71% from $5,859 thousand in 2022.

Jeffs' Brands Revenue for 2023 Ramps up to Over $10 Million Boosted by Strategic Acquisition of Fort

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.

Jeffs' Brands Files its 2023 Annual Report on Form 20-F

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

Jeffs' Brands Launches Innovative Pest-Repellent Product Line Under the Fort Brand

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.

Jeffs' Brands Launches Sales of the Fort Brand on the Amazon Marketplace in France

Fort will exclusively market and sell the products within an unlimited territory Tel Aviv, Israel, Feb. 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 that its wholly owned subsidiary, Fort Products Ltd. (“Fort”), had signed an exclusive distribution agreement with a leading manufacturer of solar panel protection and related products (the “Products”).

Jeffs' Brands: Fort Secures Exclusive Solar Panel Protection Distribution Agreement

The new dedicated production line will facilitate in meeting future demands and cost reductions Tel Aviv, Israel, Jan. 31, 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 it has completed the establishment of a dedicated manufacturing line for a wide range of products offered by its wholly-owned subsidiary Fort Products Ltd. (“Fort”), in China.

Jeffs' Brands Scales Up the Fort Brand and Establishes Dedicated Production Line in China

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.

Jeffs' Brands Announces Closing of $7.275 Million Private Placement

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.

Jeffs' Brands Announces Pricing of $7.275 Million Private Placement

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

Jeffs' Brands: Fort Signs Exclusive Distribution Agreement for the Sale and Marketing of Solar Panel Protection Products

Jeffs Brands (NASDAQ: JFBR ) stock is rocketing higher on Thursday despite a lack of news from the Israel-based e-commerce company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of JFBR stock are up today.

Why Is Jeffs Brands (JFBR) Stock Up 46% Today?

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

Jeffs' Brands to Invest in a Remote Wireless Power Transmission Technology

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

Jeffs' Brands Targets the Anti-Drones Market with Investment in Advanced Counter-Drone Defense Technology

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

Jeffs' Brands Signs a Non-Binding Letter of Intent to Invest in a Remote Wireless Electric Charging Technology Company

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

Jeffs' Brands Signs a Non-Binding Letter of Intent to acquire a 70% Stake for an Investment of $2 million, in a Cutting-edge Laser-based Technology Company, Developing Defense Solutions Against Drone-based Visual Systems

The Bolly Jon brand aims to revolutionize hair care with stem cell ingredients produced in Italy Tel Aviv, Israel, Dec. 13, 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, is continuing its latest market expansion through an exclusive distribution agreement with Bolly Jon Ltd. ("Bolly Jon"), a biotech-beauty hair care product brand.

Jeffs' Brands Signs Exclusive Distribution Agreement for the sale of Innovative Biotech-Beauty Hair Products on Amazon

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

Jeffs' Brands Enters the Global Agriculture Market with Exclusive Worldwide Distribution Agreement

Final approvals received by tax authorities, allowing the brand to start marketing its products Tel Aviv, Israel, Dec. 01, 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 progress on its further expansion of its leading pest control solutions brand, the Fort Brand (“Fort”). Fort received the final approvals from regulatory tax authorities in Spain and The Netherlands, necessary to commence sales in the two territories.

Jeffs' Brands: Fort Received Regulatory Approvals in Spain and The Netherlands to Commence Sales

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.

Jeffs' Brands' Board of Directors Provides Strategic Decision

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.

Jeffs' Brands: Fort Continues to Pursue Product Opportunities in the $2.8 Billion Growing Global Pest Control Market

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

Jeffs' Brands Commences Sales of Its New Product Line Targeting The Bedbug Outbreak in France

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

Jeffs' Brands Announces Expected Implementation of 1-for-7 Reverse Share Split

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

Jeffs' Brands Announces 1-for-7 Reverse Share Split

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.

Jeffs' Brands Expands its Fort Brand of Pest Control Solutions to Amazon Marketplace in France

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.

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