Jeffs Brands Stock Price, News & Analysis

Jeffs' Brands (NASDAQ: JFBR) has secured a registered direct offering worth $581,000 through a securities purchase agreement with an institutional investor. The e-commerce company will issue 662,500 ordinary shares and pre-funded warrants to purchase up to 1,276,007 ordinary shares at an exercise price of $0.0001. The pre-funded warrants will be immediately exercisable and will expire upon full exercise. The offering, expected to close around May 28, 2025, will be conducted under an effective Form F-3 registration statement. The company plans to use the proceeds for working capital, general corporate purposes, and potential acquisitions. Notably, CEO Vik Hakmon has a personal interest in the offering due to family ties with the controlling shareholder of the investor, L.I.A. Pure Capital Ltd.

Jeffs' Brands Ltd (NASDAQ: JFBR) is preparing to launch its AI-powered pest control mobile application, Fort app, on major mobile platforms. The app, developed by Fort Products Limited (a wholly-owned subsidiary), has already launched on the Apple App Store and is pending approval on Google Play.

The Fort app leverages artificial intelligence to help users identify household pests and provides customized treatment recommendations based on pest type, infestation severity, and user preferences. The app also features curated product suggestions, including Fort's proprietary pest control solutions.

This launch represents a key component of Jeffs' Brands' digital transformation strategy, aiming to enhance direct-to-consumer digital offerings and strengthen its market position.

Jeffs' Brands (NASDAQ: JFBR) has announced two strategic transactions valued at approximately $23.4-$26 million. The first transaction involves selling Smart Repair Pro and a 49.1% stake in SciSparc Nutraceutical to Plantify Foods for approximately $11.8 million in exchange for a 75-90% equity stake in Plantify Foods. The second transaction involves the merger of its UK subsidiary Fort Products with Impact Acquisitions Corp, valued at $11.6-$14.2 million, in exchange for 75.02-83.29% ownership of Impact's share capital.

The Plantify Foods transaction is expected to close by July 31, 2025, while the Fort Products merger is anticipated to complete by May 31, 2025. These strategic moves aim to strengthen Jeffs' Brands' position in the Amazon Marketplace while creating significant shareholder value through portfolio diversification and enhanced market presence.

Jeffs' Brands has entered a definitive agreement to sell its key U.S. assets to Canadian company Plantify Foods in a deal valued at approximately $11.8 million. The transaction includes the sale of Smart Repair Pro, which operates Jeffs' Brands' Amazon U.S. Marketplace stores, and its 49.1% stake in SciSparc Nutraceuticals.

In exchange, Jeffs' Brands will receive up to 90% equity interest in Plantify Foods, with an initial 75% stake upon closing. The deal values Smart Repair Pro and the SciSparc stake at CAD 17.125 million, while Plantify Foods is valued at CAD 4.85 million.

Current Jeffs' Brands chairman Oz Adler will serve as Plantify Foods' chairman, while CFO Ronen Zalayet will become CFO and corporate secretary. The transaction is expected to close by July 31, 2025, subject to regulatory approvals and closing conditions.

Jeffs' Brands (Nasdaq: JFBR) has announced the launch of its AI-powered pest control mobile app on the Apple App Store through its subsidiary, Fort Products The app leverages artificial intelligence to help users identify household pests and provides customized treatment recommendations based on pest type, infestation severity, and user preferences.

The app features curated product suggestions, including Fort's proprietary pest control solutions, and has undergone extensive internal testing to ensure optimal user experience across devices. Fort is also developing an Android version, which has been submitted to Google Play and is expected to launch soon.

This launch represents a significant milestone in Jeffs' Brands' strategy to expand its direct-to-consumer digital presence and positions the company at the forefront of digital transformation in the pest control market.

Jeffs' Brands (Nasdaq: JFBR) announced that its subsidiary, Fort Products , has submitted the Android version of its AI-powered pest control mobile application to Google Play for review. The app, which has completed development and internal testing, uses artificial intelligence to help users identify pests and recommend targeted treatments based on species, infestation severity, and user preferences.

The application includes curated product suggestions, featuring Fort's proprietary pest control solutions. Following successful internal testing across various Android devices, the app is designed for optimal usability, performance, and cross-device compatibility. This development aligns with Jeffs' Brands' strategy to expand its direct-to-consumer offerings and establish new digital channels for its owned brands.

Jeffs' Brands (Nasdaq: JFBR) has announced a significant milestone in its digital expansion strategy as its subsidiary, Fort Products , has submitted its AI-powered pest control mobile application to the Apple App Store for review and approval.

The application, which leverages artificial intelligence to help users identify household pests and provide customized treatment recommendations, has completed internal testing and validation. The app will feature Fort's proprietary pest control solutions and offers tailored suggestions based on pest type, infestation severity, and user preferences.

Following the November 18, 2024 agreement with a specialized digital developer, Fort plans to submit the app to Google Play for Android users soon. This development aligns with Jeffs' Brands' strategy to expand its direct-to-consumer offerings and establish new digital channels for its owned brands.

Jeffs' Brands (Nasdaq: JFBR) has announced the completion of internal testing for the Android version of its AI-powered pest control mobile app through its subsidiary, Fort Products The app is now ready for submission to the Google Play Store.

The innovative application leverages artificial intelligence to help users identify pests and receive customized treatment recommendations. It also features product suggestions, including Fort's own pest control solutions. The company has conducted thorough testing to ensure optimal performance across various Android devices.

Fort is simultaneously developing an iOS version of the app, which will be submitted to the Apple App Store after the Android rollout is complete.

Jeffs' Brands (Nasdaq: JFBR) reported record revenue of $13.68 million for FY2024, marking a 36.8% increase from $10.3 million in 2023. The growth was primarily driven by strong sales from its subsidiary Fort Products in the UK and Europe, particularly in France.

Key developments in Q1 2025 include: completion of Fort's AI-Based pest control app development, acquisition of Pure NJ Logistics for U.S. operations, and progress on Fort's proposed merger with a Canadian public company, with Fort's valuation estimated at $11.6-14.2 million. The company secured a $2.85 million convertible note to support Fort's U.S. expansion and entered discussions to sell its Smart Repair Pro subsidiary.

Notable achievements include Fort's selection as an Amazon UK Key Account in September 2024, qualifying for the top seller program.