IPO - Jeffs' Brands Ltd
Form Type: 424B5
Filing Date: 2025-05-28
Corporate Action: Ipo
Type: New
Accession Number: 000121390025048281
Filing Summary: Jeffs' Brands Ltd is conducting a Registered Direct Offering of 662,500 Ordinary Shares and Pre-Funded Warrants to purchase up to 1,276,007 Ordinary Shares. The transaction involves a securities purchase agreement dated May 28, 2025, which is expected to close on the same day, subject to customary closing conditions. The Ordinary Shares are being offered at a price of $0.30 each, and the Pre-Funded Warrants are priced at $0.30 minus $0.0001, exercisable immediately and capped at a 14.99% beneficial ownership limit for the purchaser. The offering is prompted by the company's growth strategy on the Amazon marketplace and is aimed at raising funds for general corporate purposes, including potential acquisitions. The document outlines the company’s recent developments including a share purchase agreement with Plantify Foods, focusing on the sale of its subsidiary Smart Repair Pro, alongside a discussion of the company's business operations and compliance with Nasdaq listing requirements. Investors are cautioned regarding the risks associated with the investment, including market volatility and compliance with listing rules.
Additional details:
Ordinary Shares Offered: 662500
Pre Funded Warrants Offered: 1276007
Offering Price Ordinary Share: 0.3
Pre Funded Warrant Price: 0.2999
Expected Closing Date: 2025-05-28
Use Of Proceeds: general corporate purposes, including potential acquisitions
Market Value Outstanding Shares: 2.1 million
Post Offering Shares Outstanding: 6,415,350
Form Type: F-3
Filing Date: 2025-05-16
Corporate Action: Ipo
Type: New
Accession Number: 000121390025044620
Filing Summary: Jeffs’ Brands Ltd has filed a Registration Statement on Form F-3 with the SEC on May 16, 2025, to register an additional 2,992,184 ordinary shares for resale by a selling shareholder. The filing aims to allow the selling shareholder to sell these shares issued or issuable upon the conversion of a convertible promissory note worth $1,836,019. This includes a historical context where a previous registration statement was filed on February 18, 2025, covering 1,682,272 shares, which has already been declared effective. The current share offerings follow a reverse stock split conducted on November 20, 2024, at a ratio of 1-for-13, and all share counts in the prospectus reflect this split. The company emphasizes that no proceeds from this offering will go to them and highlights risks associated with potential sales impacting the market price of their shares. Jeffs’ Brands operates within the e-commerce sector, primarily on the Amazon marketplace, and has multiple subsidiaries focused on various consumer products. The ordinary shares are traded on the Nasdaq under the symbols 'JFBR' and 'JFBRW'.
Additional details:
Number Of Ord Shares Outstanding: 3994706
Additional Note Shares Offered: 2992184
Outstanding Amount Due: 1836019
Variable Price: 0.613605
Last Reported Sale Price Ord Shares: 0.637
Last Reported Sale Price Warrants: 0.016
Conversion Price Fixed: 2.80984
Minimum Bid Price Requirement: $1.00
Form Type: CORRESP
Filing Date: 2024-12-31
Corporate Action: Ipo
Type: New
Accession Number: 000121390024113968
Filing Summary: Jeffs’ Brands Ltd. is requesting the acceleration of the effectiveness of its Registration Statement No. 333-283848 on Form F-3 in order to initiate a proposed public offering of securities. The company seeks to have the Registration Statement become effective on January 3, 2025, at 4:30 p.m. Eastern Time. This request indicates the company's awareness of its responsibilities under the Securities Act as they pertain to the offering.
Additional details:
Registration Statement No: 333-283848
Effective Date: 2025-01-03
Email: [email protected]
Ceo Name: Viki Hakmon
Comments
No comments yet. Be the first to comment!