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Jeffs' Brands | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC announcement ·  Feb 1 09:16
Summary by Moomoo AI
Jeffs' Brands Ltd, a data-driven e-commerce company, announced the successful closing of a $7.275 million private placement on January 29, 2024. The private placement, which involved certain institutional investors, was completed to raise funds for working capital, general corporate purposes, and potential acquisitions, although no acquisitions are currently pending. The company issued 2,704,461 units and pre-funded units, each comprising one ordinary share or pre-funded warrant, and two types of common warrants with varying exercise prices and terms. Aegis Capital Corp. served as the Exclusive Placement Agent, while Meitar | Law Offices and Sullivan & Worcester LLP provided legal counsel to Jeffs' Brands, with Kaufman & Canoles, P.C. representing Aegis Capital Corp. The securities sold in this private placement are exempt from registration under the Securities Act of 1933 and are subject to a registration rights agreement for future resale. Jeffs' Brands, known for leveraging the FBA Amazon business model, plans to use advanced technology and team expertise to grow its product offerings and market presence.
Jeffs' Brands Ltd, a data-driven e-commerce company, announced the successful closing of a $7.275 million private placement on January 29, 2024. The private placement, which involved certain institutional investors, was completed to raise funds for working capital, general corporate purposes, and potential acquisitions, although no acquisitions are currently pending. The company issued 2,704,461 units and pre-funded units, each comprising one ordinary share or pre-funded warrant, and two types of common warrants with varying exercise prices and terms. Aegis Capital Corp. served as the Exclusive Placement Agent, while Meitar | Law Offices and Sullivan & Worcester LLP provided legal counsel to Jeffs' Brands, with Kaufman & Canoles, P.C. representing Aegis Capital Corp. The securities sold in this private placement are exempt from registration under the Securities Act of 1933 and are subject to a registration rights agreement for future resale. Jeffs' Brands, known for leveraging the FBA Amazon business model, plans to use advanced technology and team expertise to grow its product offerings and market presence.
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