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Jeffs' Brands Soars 108.24% on Asset Sale Deal
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 30, 2025 9:24 am ET1min read
On April 30, 2025,
experienced a remarkable surge, rising by 108.24% in pre-market trading, marking a significant milestone for the company.Jeffs' Brands has entered into a definitive agreement to sell key U.S. assets to a Canadian public company. This transaction includes the acquisition of Jeffs' Brands' wholly-owned subsidiary, Smart Repair Pro, and its approximately 49.1% ownership interest in the subsidiary. The deal is valued at approximately $11.8 million.
In return for the sale, Jeffs' Brands will receive up to a 90% equity interest in the Canadian company, based on a post-closing valuation of CAD 17.125 million for Smart Repair Pro. This strategic move is expected to enhance Jeffs' Brands' financial position and provide new opportunities for growth.
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