Jeffs' Brands has entered into a non-binding LOI to sell its U.S. subsidiary Smart Repair Pro to a U.S. public company at a valuation of approximately $13.125 million. The deal structure involves Jeffs' Brands receiving 75% of the acquiring company's shares upon closing, with potential for an additional 15% stake upon achieving specific milestones, including uplisting to a national U.S. exchange within three years.The transaction values the acquiring OTC-traded company at approximately $1.5 million, contingent on maintaining minimum cash holdings of $750,000. The strategic move allows Jeffs' Brands to maintain significant ownership in its U.S. operations while refocusing on core markets.The deal is expected to close by December 31, 2024, subject to due diligence completion, execution of binding definitive agreements, and regulatory approvals. Smart Repair Pro currently operates Jeffs' Brands' stores on the U.S. Amazon Marketplace.

Jeffs' Brands has entered into a non-binding LOI to sell its U.S. subsidiary Smart Repair Pro to a U.S. public company at a valuation of approximately $13.125 million. The deal structure involves Jeffs' Brands receiving 75% of the acquiring company's shares upon closing, with potential for an additional 15% stake upon achieving specific milestones, including uplisting to a national U.S. exchange within three years.The transaction values the acquiring OTC-traded company at approximately $1.5 million, contingent on maintaining minimum cash holdings of $750,000. The strategic move allows Jeffs' Brands to maintain significant ownership in its U.S. operations while refocusing on core markets.The deal is expected to close by December 31, 2024, subject to due diligence completion, execution of binding definitive agreements, and regulatory approvals. Smart Repair Pro currently operates Jeffs' Brands' stores on the U.S. Amazon Marketplace.