Jeffs' Brands Ltd, a data-driven e-commerce company listed on Nasdaq, has received an extension from Nasdaq to meet the minimum bid price requirement. The company was initially notified of its non-compliance with the $1 minimum bid price per share rule on April 25, 2024, and was given until October 22, 2024, to regain compliance. Having failed to meet this requirement within the first 180-day period, Jeffs' Brands submitted a request for an additional 180 days. Nasdaq granted the extension based on the company's compliance with other listing requirements and its intention to resolve the bid price deficiency, potentially through a reverse share split. The new deadline is set for April 21, 2025, and if the company's share price closes at or above $1 for...Show More

Jeffs' Brands Ltd, a data-driven e-commerce company listed on Nasdaq, has received an extension from Nasdaq to meet the minimum bid price requirement. The company was initially notified of its non-compliance with the $1 minimum bid price per share rule on April 25, 2024, and was given until October 22, 2024, to regain compliance. Having failed to meet this requirement within the first 180-day period, Jeffs' Brands submitted a request for an additional 180 days. Nasdaq granted the extension based on the company's compliance with other listing requirements and its intention to resolve the bid price deficiency, potentially through a reverse share split. The new deadline is set for April 21, 2025, and if the company's share price closes at or above $1 for 10 consecutive trading days before this date, it will regain compliance. The announcement, made on October 24, 2024, does not affect the current trading of Jeffs' Brands' shares on the Nasdaq Capital Market. Additionally, the company has decided not to proceed with previously announced non-binding letters of intent for investments in various technology companies.