Jeffs' Brands Ltd. and Impact Acquisitions Set to Complete Merger by July 2025 Following TSX Venture Exchange Approval

Reuters
06-20
Jeffs' Brands Ltd. and Impact Acquisitions Set to Complete Merger by July 2025 Following TSX Venture Exchange Approval

Tel Aviv, Israel, June 20, 2025 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, has announced that the TSX Venture Exchange has approved the acquisition by Impact Acquisitions Corp. of 100% of the equity interests of Fort Products Limited, a wholly-owned UK-based subsidiary of Jeffs' Brands. The transaction involves Impact issuing 100,000,000 common shares to Jeffs' Brands, representing an initial ownership interest of 75.02%, with the potential to increase to 83.29% contingent upon achieving certain milestones. The transaction values the consideration at approximately CAD $17.1 million (approximately US$12.5 million), aligning with the independent valuation report by Evans & Evans, which appraised Fort's fair market value between CAD$16.86 million to CAD$20.59 million. Completion of the transaction is anticipated by July 7, 2025, subject to the satisfaction or waiver of all conditions precedent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jeffs Brands Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9471808-en) on June 20, 2025, and is solely responsible for the information contained therein.

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