Jeffs’ Brands Ltd (JFBR) announced that the TSX Venture Exchange has approved the acquisition of 100% equity interests of Fort Products Limited, a wholly-owned U.K.-based subsidiary of Jeffs’ Brands.
Impact Acquisitions Corp. will issue 100,000,000 common shares to Jeffs’ Brands at a deemed price of CAD $0.171246 per share, totaling approximately CAD $17.1 million.
Upon closing, Impact intends to issue equity interests to certain finders as compensation for advisory services related to the transaction.
The Proposed Transaction is expected to be completed by July 7, 2025.
