Jeffs' Brands Ltd Secures $2.85M Convertible Note
Ticker: JFBRW · Form: 6-K · Filed: Jan 22, 2025 · CIK: 1885408
Sentiment: neutral
Topics: financing, debt, convertible-note
TL;DR
Jeffs' Brands just raised $2.85M via a convertible note, using the cash for ops.
AI Summary
On January 16, 2025, Jeffs' Brands Ltd issued a non-recourse convertible promissory note for $2,850,000 to an institutional investor. The company received net proceeds of $2,565,000 from this issuance, which it intends to use for its operations.
Why It Matters
This financing provides Jeffs' Brands with capital to continue its business operations, potentially impacting its ability to execute its growth strategies.
Risk Assessment
Risk Level: medium — Convertible notes can dilute existing shareholders if converted, and the company's use of proceeds for operations suggests ongoing financial needs.
Key Numbers
- $2.85B — Convertible Note Principal (Represents the total amount borrowed by Jeffs' Brands.)
- $2.565B — Net Proceeds (The actual cash received by the company after issuance costs.)
Key Players & Entities
- Jeffs' Brands Ltd (company) — Issuer of the convertible note
- $2,850,000 (dollar_amount) — Principal amount of the convertible note
- $2,565,000 (dollar_amount) — Net proceeds received by the company
- January 16, 2025 (date) — Date of the note issuance
FAQ
What is the principal amount of the convertible promissory note issued by Jeffs' Brands Ltd?
The principal amount of the convertible promissory note is $2,850,000.
When was the convertible promissory note issued?
The note was issued on January 16, 2025.
Who is the recipient of the convertible promissory note?
The note was issued to a certain institutional investor, referred to as the 'Holder'.
What are the intended uses for the net proceeds from the note issuance?
The company intends to use the net proceeds for its operations.
What is the nature of the convertible promissory note?
It is a non-recourse convertible promissory note.
Filing Stats: 1,416 words · 6 min read · ~5 pages · Grade level 13.1 · Accepted 2025-01-22 16:01:22
Key Financial Figures
- $2,850,000 — ote”), in the principal amount of $2,850,000 (the “Principal Amount”), t
- $2,565,000 — pany intends to use the net proceeds of $2,565,000 received from the issuance of the Note
- $2 — version price equal to the lower of (i) $2.80984, which represents 110% of the vol
- $2.80984 — lculated based on a conversion price of $2.80984 per Ordinary Share). The Warrant was ex
- $2.85 Million — led “Jeffs’ Brands Issues a $2.85 Million Non-Recourse Convertible Promissory Not
Filing Documents
- ea0228327-6k_jeffs.htm (6-K) — 24KB
- ea022832702ex4-1_jeffs.htm (EX-4.1) — 98KB
- ea022832702ex4-2_jeffs.htm (EX-4.2) — 128KB
- ea022832702ex99-1_jeffs.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-25-005475.txt ( ) — 267KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Jeffs’ Brands Ltd By: /s/ Ronen Zalayet Name: Ronen Zalayet Title: Chief Financial Officer Date: January 22, 2025 4