Jeffs' Brands Regains Compliance with Nasdaq Minimum Bid Price Rule
06 Diciembre 2024 - 4:36AM
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 it has received a written notice
from Nasdaq Stock Market LLC (“Nasdaq”), indicating that the
Company has regained compliance with the minimum bid price
requirement for continued listing set forth in Nasdaq Listing Rule
5550(a)(2), which requires listed securities to maintain a minimum
bid price of $1.00 per share.
The Nasdaq staff made this determination of
compliance after the closing bid price of the Company’s ordinary
shares was at $1.00 per share or greater for the last 10
consecutive business days. Accordingly, the Company has regained
compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers
the prior bid price deficiency matter now closed.
The Company’s ordinary shares continue to trade
on the Nasdaq Capital Market under the symbol “JFBR. There is no
assurance however that the ordinary shares will remain listed on
Nasdaq or any other national securities exchange.
About Jeffs’ Brands Ltd.
Jeffs' Brands aims to transform the world of
e-commerce by creating and acquiring products and turning them into
market leaders, tapping into vast, unrealized growth potential.
Through the Company’s management team’s insight into the FBA Amazon
business model, it aims to use both human capability and advanced
technology to take products to the next level. For more information
on Jeffs’ Brands Ltd visit https://jeffsbrands.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, that are intended to be covered by the “safe
harbor” created by those sections. Forward-looking statements,
which are based on certain assumptions and describe our future
plans, strategies and expectations, can generally be identified by
the use of forward-looking terms such as “believe,” “expect,”
“may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,”
“estimate,” “anticipate” or other comparable terms. For example, we
are using forward-looking statements when discussing our ability to
maintain our listing on the Nasdaq Capital Market. Instead, they
are based only on our current beliefs, expectations and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to adapt to
significant future alterations in Amazon’s policies; our ability to
sell our existing products and grow our brands and product
offerings, including by acquiring new brands; our ability to meet
our expectations regarding the revenue growth and the demand for
e-commerce; the overall global economic environment; the impact of
competition and new e-commerce technologies; general market,
political and economic conditions in the countries in which we
operate; projected capital expenditures and liquidity; the impact
of possible changes in Amazon’s policies and terms of use; the
impact of the conditions in Israel, including the recent attacks by
Hamas, Iran, and other terrorist organizations; and the other risks
and uncertainties described in the Company’s Annual Report on Form
20-F for the year ended December 31, 2023, filed with the U.S.
Securities and Exchange Commission (“SEC”), on April 1, 2024 and
our other filings with the SEC. We undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
Investor Relations Contact:
Michal Efraty Adi and Michal PR- IR Investor Relations,
Israel michal@efraty.com
Jeffs Brands (NASDAQ:JFBR)
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