Jeffs’ Brands Announces Significant Changes to Share Structure

Understanding the Reverse Share Split at Jeffs’ Brands

Jeffs’ Brands Ltd, a dynamic player in the e-commerce space, is preparing for an important change in its share structure. Following a recent decision, the company is set to implement a reverse share split at a ratio of 1-for-13. This strategic move is expected to take place after market hours, allowing for a fresh start as trading resumes.

What Does the Reverse Share Split Mean?

To put it simply, a reverse share split consolidates the number of existing shares into fewer, more valuable shares. After this process, Jeffs’ Brands will have approximately 719,367 outstanding shares available, with about 520,290 of them accessible to the public. This shift is designed to enhance the company’s market appeal and improve the overall value of shares held by investors.

Implementation Timeline and Details

Today’s announcement indicates that the company’s shares will continue to trade on the Nasdaq under the same ticker symbol, “JFBR.” Once the split is enacted, trading will begin on a split-adjusted basis on the following market day. This continuous trading strategy helps ensure a seamless transition for investors and maintains stability within the marketplace.

Shareholder Impact and Engagement

All shareholders will be impacted uniformly, meaning that each individual’s ownership percentage will largely remain intact post-split, barring minor adjustments due to fractional shares. The objective is to simplify and optimize share distribution without complicating the current structure significantly.

Future Shareholder Actions

For shareholders holding shares electronically or through brokerage accounts, the transition will require no additional action. Brokers will facilitate the exchange automatically, making this change as straightforward as possible. However, shareholders who have further questions are encouraged to reach out to VStock Transfer, LLC, the company's transfer agent, for assistance.

About Jeffs’ Brands Ltd

Jeffs’ Brands is on a mission to innovate within the e-commerce sector. By focusing on products sold through Amazon’s Marketplace, the company harnesses both advanced technology and deep market insights to help potential products reach their peak performance. The aim is to position their offerings as leaders in the marketplace, tapping into unexploited growth opportunities.

Investor Relations and Further Information

For those interested in learning more about Jeffs’ Brands and their strategic initiatives, the company’s investor relations team is readily available. Michal Efraty is the point of contact for investor inquiries, ensuring that stakeholders have access to relevant information regarding company updates and share performance.

Frequently Asked Questions

What is a reverse share split?

A reverse share split reduces the number of outstanding shares, increasing the share price proportionally without affecting the overall ownership value held by shareholders.

What impact does a reverse share split have on shareholders?

Shareholders will see a decrease in the number of their shares, but their ownership percentage will remain largely unchanged, subject to minor adjustments due to fractional shares.

When will the reverse share split take effect?

The reverse share split is expected to be implemented after market hours, with shares trading on a split-adjusted basis from the next trading day.

Will I need to do anything as a shareholder?

No action is required from shareholders holding shares in book-entry form or through a brokerage account as the exchange will be processed automatically.

Who can I contact for more information regarding the share split?

Shareholders can reach out to VStock Transfer, LLC for queries. Additionally, Michal Efraty is available for investor relations inquiries.

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