James v Redcats (Brands) Ltd

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

Retrieved on: 
Thursday, November 2, 2023

TEL AVIV, Israel, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd. (Nasdaq: JFBR) (“Company” or “Jeffs’ Brands”) a data-driven e-commerce company operating on the Amazon Marketplace, announced today that its previously announced reverse share split of its issued and outstanding ordinary shares, no par value at a ratio of 1-for-7, is expected to be implemented after market close today. The Company's Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on November 3, 2023, under the Company's existing trading symbol "JFBR". The trading symbol “JFBRW” and CUSIP number for the Company’s public warrants will remain unchanged following the reverse share split.

Key Points: 
  • The trading symbol “JFBRW” and CUSIP number for the Company’s public warrants will remain unchanged following the reverse share split.
  • The reverse share split was approved by the Company’s shareholders at the Company’s Annual Meeting of Shareholders held on September 5, 2023 to be effected in the board of director’s discretion within approved parameters.
  • No fractional Ordinary Shares will be issued as a result of the reverse split.
  • In accordance with the Company’s Articles, all fractional shares shall be rounded up to the nearest whole ordinary share.

Jeffs' Brands Enters Into Non-Binding Agreement to Acquire 50% of a Company that Owns an Amazon Top Selling Brand

Retrieved on: 
Wednesday, December 14, 2022

Tel Aviv, Israel, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding letter of intent ("LOI") with SciSparc Ltd. (“SciSparc”) (Nasdaq: SPRC), for the purchase of 50% of SciSparc’s wholly owned subsidiary, SciSparc Nutraceuticals Inc., which owns WellutionTM, a top-selling Amazon.com Marketplace food supplements and cosmetics brand (the “Brand”), for approximately $3 million in cash or a combination of cash and ordinary shares of the Company, as agreed by the parties in the definitive agreement.

Key Points: 
  • The Brand is profitable with millions of dollars in annual sales.
  • The acquisition is subject to, the negotiation and the execution of a binding definitive agreement.
  • The Brand offers eight variations of natural hemp candy supplements under two parent Amazon Standard Identification Number (each, an “ASIN”) on Amazon that are differentiated by their hemp oil potency.
  • In total, the Brand has over 40,000 product reviews, most of which are 4 and 5-star reviews.

Medigus Announces Details of its $1.6 Million Cash Capital Distribution

Retrieved on: 
Thursday, December 8, 2022

Tel Aviv, Israel, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today details on its $1.6 million cash capital distribution.

Key Points: 
  • The Cash Capital Represents 14.38% of the ADS Closing Price on December 7, 2022
    Tel Aviv, Israel, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today details on its $1.6 million cash capital distribution.
  • Following the receipt by the Company of a tax ruling from the Israeli Tax Authorities, the payment is not subject to tax withholding in Israel and the Company will pay the cash capital amount in full.
  • The cash capital distribution is subject to the payment of any and all applicable taxes and compulsory payments by each eligible holder as required by the applicable tax authorities.
  • Medigus’ affiliations in the medical solutions arena include ownership in Polyrizon Ltd. and ownership in industry 4.0 company, ScoutCam Inc.

Jeffs’ Brands' 2022 Black Friday Sales Surged 60% Year Over Year

Retrieved on: 
Monday, November 28, 2022

Tel Aviv, Israel, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that its brands' sales on Amazon on November 25, 2022, known as Black Friday, the day after the Thanksgiving holiday.

Key Points: 
  • Total estimated revenues generated by its brands on that date were approximately $190,000, an increase of approximately 60% compared to approximately $118,055 in 2021 Black Friday sales.
  • According to Adobe Inc., which tracks sales on retailers websites, Black Friday online spending hit a record of $9.2 billion, an increase of 2.3% year over year.
  • "We are pleased with the amazing results we achieved during this one day of sales.
  • The increase in revenues compared to Black Friday in 2021, reflects our evolving capabilities, both in product offerings and in marketing abilities.

Jeffs’ Brands Targeting the $2 Billion Market of Pest Control Products by Signing a Non-Binding Term Sheet with an Amazon.uk Market Leader

Retrieved on: 
Wednesday, November 23, 2022

Tel Aviv, Israel, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding term sheet (the “Term Sheet") with a company incorporated in England engaged in the sale of pest control products through Amazon.uk ("the UK Company").

Key Points: 
  • As contemplated by the Term Sheet, Jeffs' Brands will acquire the UK Company and its five private label brands, currently being sold on Amazon.uk, for approximately $2.5 million in cash.
  • Currently the UK Companys brands and products have over 55,000 reviews, 82% of which are 4- and 5-star reviews.
  • "We continue targeting leading companies and brands, operating in attractive sectors, that we believe have great potential.
  • Jeffs' Brands is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential.

Jeffs' Brands Enters Into Letter of Intent with a Pharmaceutical Company to Establish a Joint Venture to Develop and Market a New Product Line

Retrieved on: 
Tuesday, November 15, 2022

Tel Aviv, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced it has entered into a letter of intent ("LOI") with SciSparc Ltd. ("SciSparc") (Nasdaq: SPRC), a specialty pharmaceutical and food supplements company, to establish a joint venture ("JV") for the development of a new food supplements product line and its online marketing. 

Key Points: 
  • Upon entry into definitive documentation, Jeffs' Brands will be responsible for the online marketing of the products developed by SciSparc as part of the JV.
  • Mr. Oz Adler, the Chairman of the Company, is the Chief Executive Officer of SciSparc and a director of the Company is the Chairman of SciSparc.
  • Jeffs' Brands Ltd is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential.
  • For more information on Jeffs Brands Ltd, visit https://jeffsbrands.com
    SciSparc Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists.

SciSparc Enters Into Letter of Intent with an E-commerce Company to Establish a Joint Venture to Market and Develop a New Product Line

Retrieved on: 
Tuesday, November 15, 2022

TEL AVIV, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC), a specialty, clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system (the “Company” or “SciSparc”), today announced it has entered into a letter of intent ("LOI") with Jeffs' Brands Ltd ("Jeffs' Brands") (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, to establish a joint venture ("JV") for the development of a new food supplements product line and its online marketing. 

Key Points: 
  • The LOI contemplates that the two companies will form a JV in which they each own 50%.
  • Upon entry into definitive documentation, SciSparc will be responsible for the development of the new product line that will be marketed by Jeffs' Brands as part of the JV.
  • Mr. Oz Adler, the Chief Executive Officer of the Company, is the Chairman of Jeffs Brands and the Chairman of the Company is a director of Jeffs Brands.
  • SciSparc Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists.

Medigus: Jeffs' Brands Reinforces its Brands for the Holiday Season with Potential High Profitability Products

Retrieved on: 
Friday, November 11, 2022

Tel Aviv, Israel, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that Jeffs' Brands Ltd. ("Jeffs' Brands" owned 35.27% by Medigus), a data-driven E-commerce company operating on the Amazon Marketplace, has boosted its brands' products offering, launching new products in time for the holidays season.

Key Points: 
  • Jeffs' Brands strengthens its brands' portfolio with 16 new products, available now at its US Amazon stores.
  • The new products we launches were chosen after meticulous screening using our technology, market research and revenues and return on investment ROI potential," said Viki Hakmon, Chief Executive Officer of the Jeffs' Brands. "
  • Jeffs' Brands is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential.
  • Through Jeffs' Brands stellar teams insight into the FBA Amazon business model, Jeffs' Brands is using both human capability and advanced technology to take products to the next level.

Jeffs' Brands Reinforces its Brands for the Holiday Season with Potential High Profitability Products

Retrieved on: 
Friday, November 11, 2022

Tel Aviv, Israel, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced a boost in its brands' products offering, launching new products in time for the holiday season.

Key Points: 
  • Tel Aviv, Israel, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the Company) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announceda boost in its brands' products offering, launching new products in time for the holiday season.
  • The Company strengthens its brands' portfolio with 16 new products, available nowat its U.S. Amazon stores.
  • "Our goal is to rapidly grow our business by offering attractive products.
  • Jeffs' Brands Ltd is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential.

Medigus: Jeffs' Brands to Expand Sales Beyond Amazon.com into New Leading E-commerce Platforms

Retrieved on: 
Tuesday, November 8, 2022

Jeffs' Brands entered into an agreement with a U.S. based storage and logistics center intended to support the Jeffs' Brands' plans to sell its products directly and launch new E-commerce platforms.

Key Points: 
  • Jeffs' Brands entered into an agreement with a U.S. based storage and logistics center intended to support the Jeffs' Brands' plans to sell its products directly and launch new E-commerce platforms.
  • Jeffs' Brands intends to offer Fulfillment by Merchant (FBM) services as Amazon continues limiting Fulfillment by Amazon (FBA) based inventory and service activities.
  • The center offers an aggregate of 100,000 square feet with 20 loading docks for loading and unloading container and trucks.
  • The center handles supply chain, inventory and order processing as well as shipping directly to end- customers.