Summary by Moomoo AI
Jeffs' Brands Ltd has filed a Form F-3 registration statement with the SEC for the resale of up to 2,338,403 ordinary shares issuable upon exercise of Series A warrants. The shares are being registered on behalf of selling shareholders following adjustments made after a 1-for-13 reverse stock split in November 2024.The company will not receive proceeds from the resale of shares by selling shareholders, but could receive up to $6.3 million if all Series A warrants are exercised for cash. Jeffs' Brands intends to use any proceeds for working capital, general corporate purposes and potential acquisitions.The filing follows a $13.125 million private placement completed in January 2024. It also comes as Jeffs' Brands pursues strategic moves, including a potential logistics warehouse acquisition and the proposed sale of its Smart Repair Pro subsidiary for $13.125 million in stock to an OTC-traded company.
