Tel Aviv, Israel, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company”), a data-driven e-commerce company operating on the Amazon Marketplace, announced today the closing of its initial public offering, and the simultaneous closing of a portion of the underwriter’s over-allotment option, for aggregate gross proceeds of approximately $15.5 million before deducting underwriting discounts and other estimated offering expenses. The Company issued 3,717,473 ordinary shares and 3,717,473 warrants, each to purchase one ordinary share with an initial exercise price of $4.04 per share, at a combined initial public offering price of $4.16 per ordinary share and warrant.
