Jeffs’ Brands Ltd (JFBR) saw its stock surge by 17.94% during the pre-market session on Friday, June 20, 2025, reaching $7.66 compared to the previous day’s closing price of $6.50.
This sharp increase came after the company announced that the TSX Venture Exchange approved its acquisition of 100% equity interests in Fort Products Limited, a wholly-owned U.K.-based subsidiary.
As part of the deal, Impact Acquisitions Corp. will issue 100 million common shares to Jeffs’ Brands at a deemed price of CAD $0.171246 per share, amounting to approximately CAD $17.1 million.
Additionally, Impact plans to compensate certain finders with equity interests for advisory services related to the transaction.
The proposed transaction is expected to be completed by July 7, 2025.
