Breaking News: Jeff’s Brands Makes Major Strides Towards Merger with Publicly Traded Company – Valuation Report Reveals Exciting Future for Fort!

Tel Aviv, Israel, March 13, 2025 (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 further to its press release dated February 6, 2025, regarding the definitive agreement to complete the contemplated merger of Fort Products Limited, a U.K.-based private company and a wholly owned subsidiary of the Company (“Fort Products”), with Impact Acquisitions Corp. (“Impact”), a capital pool company listed on the TSX Venture Exchange (the “Proposed Merger”), Impact has obtained a valuation report from Evans & Evans, Inc. (“Evans & Evans”), which indicates that in the opinion of Evans & Evans, the fair market value of the equity interests of Fort Products as of January 31, 2025, is between CAD 16.8 and 20.5 million (approximately US$11.6 to US$14.2 million), on a controlling, marketable basis, subject to the assumptions and qualifications specified therein.

Jeff’s Brands has been making significant strides towards merging with a publicly traded company, Impact Acquisitions Corp. The valuation report from Evans & Evans, Inc. reveals an exciting future for Fort Products Limited, the U.K.-based subsidiary that is part of the merger deal. The valuation report suggests that the equity interests of Fort Products are worth between CAD 16.8 and 20.5 million, indicating a promising outlook for the merged entity.

This merger has the potential to create a powerhouse in the e-commerce industry, leveraging Jeff’s Brands’ data-driven approach with Impact Acquisitions Corp’s market presence. The combined entity will have a strong foothold in the market, offering innovative solutions and products to customers worldwide. The merger is expected to bring about operational synergies and drive significant value for shareholders.

With the advancements in technology and the rapid growth of e-commerce, this merger comes at a strategic time for both companies. By joining forces, Jeff’s Brands and Impact Acquisitions Corp can capitalize on market trends and emerging opportunities, positioning themselves as leaders in the e-commerce space.

Overall, the merger between Jeff’s Brands and Impact Acquisitions Corp holds immense potential for growth and success in the competitive e-commerce landscape. As the companies move forward with the integration process, investors and industry experts are closely watching the developments unfold.

How Does This Merger Affect Me?

As a consumer, the merger between Jeff’s Brands and Impact Acquisitions Corp could potentially result in a wider range of innovative products and services being offered to you. The combined entity may introduce new offerings and improve customer experiences, enhancing your shopping experience on online platforms.

How Does This Merger Affect the World?

The merger between Jeff’s Brands and Impact Acquisitions Corp has the potential to impact the global e-commerce industry by creating a stronger player in the market. The combined entity can drive innovation, set new trends, and influence the way businesses operate in the digital landscape. This merger could set a precedent for future collaborations and partnerships within the e-commerce sector, shaping the industry’s future.

Conclusion

The merger between Jeff’s Brands and Impact Acquisitions Corp represents a significant milestone in the e-commerce industry, paving the way for a brighter future for both companies. With the promising valuation report from Evans & Evans, Inc., the merged entity, including Fort Products Limited, is poised for growth and success in the competitive market. As the merger progresses, stakeholders and industry observers are eagerly anticipating the positive outcomes that this strategic partnership will bring.