Jeffs’ Brands Expects Implementation of 1-for-13 Reverse Share Split After Market Today

Following the reverse share split the Company will have approximately 719,367 outstanding shares out of which approximately 520,290 will be publicly held

Tel Aviv, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that its previously announced reverse share split of its issued and outstanding ordinary shares, no par value per share at a ratio of one-for-thirteen (1-for-13) (the “Reverse Share Split”), is expected to be implemented after market close today. The Ordinary Shares will continue to trade on the Nasdaq Capital Market under the existing trading symbol “JFBR” and will begin trading on a split-adjusted basis at the market open on November 20, 2024. The new CUSIP number for the Ordinary Shares following the Reverse Share Split will be M61472136. The trading symbol “JFBRW” and CUSIP number for the Company’s public warrants will remain unchanged following the Reverse Share Split.

Read more at globenewswire.com