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.
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