Jeffs' brands issues a $2.85 million non-recourse convertible promissory note to leverage fort products' u.k. success and expansion to the u.s.

The u.s. market, together with the rest of north america, is anticipated to be the world's fastest growing pesticides market tel aviv, israel, jan. 22, 2025 (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 issued a non- recourse convertible promissory note in the principal amount of $2,850,000 (the “note”) to an institutional investor (the “holder”). the company intends to use the net proceeds of $2,565,000 received from the issuance of the note and any additional net proceeds from the exercise of the warrant (as defined below), to the extent exercised in cash, for working capital and general corporate purposes, as well as for potential acquisitions, aiming to leverage fort products ltd.
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