Jeffs’ Brands Announces Closing of $7.275 Million Private Placement

Tel Aviv, Israel, Jan. 30, 2024 (GLOBE NEWSWIRE) — Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq:JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the closing of its recently announced private placement with certain institutional investors on January 29, 2024. The aggregate gross cash proceeds were $7.275 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes, as well as for potential acquisitions, but it does not have any pending acquisitions at this time.

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