Jeffs’ Brands Announces Pricing of $7.275 Million Private Placement

January 25, 2024

https://www.globenewswire.com/news-release/2024/01/25/2816929/0/en/Jeffs-Brands-Announces-Pricing-of-7-275-Million-Private-Placement.html

Tel Aviv, Israel, Jan. 25, 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 that it has entered into securities purchase agreements with certain institutional investors for aggregate gross cash proceeds of $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 does not have any pending acquisitions at this time.

Read more at globenewswire.com

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