Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced a 1-for-13 reverse share split effective as of the close of business on November 19, 2024. The reverse share split, approved by shareholders at the Annual Meeting on July 17, 2024, and subsequently by the board of directors, will reduce the number of issued and outstanding ordinary shares from 9,351,768 to approximately 719,367. The company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol 'JFBR' starting on a split-adjusted basis from market open on November 20, 2024. The reverse share split is intended to affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest, except for minor changes due to the rounding...Show More

Jeffs' Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, announced a 1-for-13 reverse share split effective as of the close of business on November 19, 2024. The reverse share split, approved by shareholders at the Annual Meeting on July 17, 2024, and subsequently by the board of directors, will reduce the number of issued and outstanding ordinary shares from 9,351,768 to approximately 719,367. The company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol 'JFBR' starting on a split-adjusted basis from market open on November 20, 2024. The reverse share split is intended to affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest, except for minor changes due to the rounding of fractional shares. Proportionate adjustments will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding options and warrants. Shareholders do not need to take any action as the exchange will be processed automatically by their brokers or custodians. For additional information, shareholders are advised to contact the company's transfer agent, VStock Transfer, LLC.