Summary by Futu AI
On January 25, 2024, Jeffs' Brands Ltd, a data-driven e-commerce company, announced a private placement transaction aimed at raising $7.275 million in gross proceeds. The transaction involves the issuance of 2,704,461 units and pre-funded units at a price of $2.69 per unit, with Aegis Capital Corp. serving as the exclusive placement agent. The proceeds are intended for working capital, general corporate purposes, and potential acquisitions, although no acquisitions are pending. The private placement is expected to close on January 28, 2024, subject to customary closing conditions. The units comprise ordinary shares or pre-funded warrants, along with Series A and Series B warrants, which have various exercise prices and terms. The company has committed to filing a resale registration statement for the securities with the SEC. The securities have not been registered under the Securities Act of 1933 and are being sold under an exemption from registration requirements.