Jeffs’ Brands resets warrant exercise price to $3.18516
Jeffs’ Brands Ltd reported that it has amended and restated a warrant originally issued in connection with a convertible promissory note dated January 16, 2025.
Rhea-AI Filing Summary
Jeffs’ Brands Ltd reported that it has amended and restated a warrant originally issued in connection with a convertible promissory note dated January 16, 2025. The amended warrant remains effective as of June 30, 2025 and still covers 44,749 ordinary shares, with no change to the number of shares issuable under it after the company’s 1-for-17 reverse share split effective June 16, 2025.
Under the anti-dilution adjustment provisions of both the Series A warrants dated January 29, 2024 and the amended warrant, the company reset the exercise price for each whole ordinary share underlying these warrants to $3.18516, subject to potential future adjustments under their terms. No other changes were made to the Series A warrants or the amended warrant. This update is also incorporated by reference into several existing Form F-3 and Form S-8 registration statements.
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FAQ
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What did Jeffs’ Brands Ltd (JFBRW) change in its warrants in this 6-K?
What is the new exercise price of Jeffs’ Brands’ Series A and amended warrants?
Were there any other changes to Jeffs’ Brands’ Series A warrants or the amended warrant?
Why is this Jeffs’ Brands Ltd 6-K incorporated by reference into other SEC registrations?
AI-generated analysis. How Rhea-AI works. Not financial advice.