February 6, 2025 – TheNewswire – Vancouver, British Columbia
Impact Acquisition Corp Announces Reverse Takeover by Jeffs Brands
Impact Acquisition Corp. (TSXV: IMPC.P) (“Impact”, the “Company” or the “Resulting Issuer”) is excited to share the news of its upcoming reverse takeover by Jeffs’ Brands Ltd, a corporation incorporated under the laws of the State of Israel and listed on the NASDAQ under the trading symbol “JFBR” (“Jeffs Brands” or “JFBR”). The agreement was finalized on February 6, 2025, marking a significant step for both companies.
This strategic move, as outlined in the Definitive Agreement, involves an arm’s length share sale transaction with Jeffs Brands’ wholly owned subsidiary, Fort Products Limited (the “Target” or “Fort Products”). The transaction, referred to as the Proposed Transaction, is expected to be Impact’s “Qualifying Transaction” as per the policies of the TSX Venture Exchange (the “Exchange”).
The collaboration between Impact and Jeffs Brands signifies a new chapter for both entities, paving the way for enhanced growth opportunities and market presence. This reverse takeover will bring about synergies that benefit stakeholders and drive innovation within the industry.
Impact on Individuals
For individuals, the reverse takeover by Jeffs Brands could present new investment opportunities and potential for growth. It may impact shareholders of both companies, offering them a chance to participate in the combined entity’s success. Moreover, this collaboration could lead to the introduction of new products and services, enriching consumer experiences.
Impact on the World
On a global scale, the reverse takeover signifies the evolution and consolidation of businesses in the market. The combined resources and expertise of Impact and Jeffs Brands have the potential to drive positive change and innovation in various industries. This move could set a precedent for strategic partnerships and alliances in the corporate world, influencing how businesses approach growth and expansion.
Conclusion
The reverse takeover by Jeffs Brands marks a significant milestone for Impact Acquisition Corp, positioning both companies for a promising future. This collaboration underscores the importance of strategic partnerships in driving growth and innovation in the business landscape. As stakeholders eagerly anticipate the integration of resources and expertise, the impact of this transaction is poised to create ripple effects not only for the companies involved but also for individuals and the global marketplace as a whole.
