Jeffs' Brands Regains Compliance with Nasdaq Minimum Bid Price Rule
Jeffs' Brands (Nasdaq: JFBR), an e-commerce company operating on Amazon Marketplace, has announced regaining compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq confirming that it has met the requirement of maintaining a minimum bid price of $1.00 per share for 10 consecutive business days. This resolves the previous bid price deficiency matter, allowing JFBR to continue trading on the Nasdaq Capital Market. However, the company notes there is no guarantee of continued listing on Nasdaq or other national securities exchanges.
Jeffs' Brands (Nasdaq: JFBR), un'azienda di e-commerce che opera su Amazon Marketplace, ha annunciato di aver ripristinato la conformit脿 ai requisiti di prezzo minimo di offerta di Nasdaq. L'azienda ha ricevuto una comunicazione scritta da Nasdaq che conferma di aver rispettato il requisito di mantenere un prezzo minimo di offerta di $1,00 per azione per 10 giorni lavorativi consecutivi. Questo risolve la precedente questione di carenza del prezzo di offerta, consentendo a JFBR di continuare a negoziare sul Nasdaq Capital Market. Tuttavia, l'azienda sottolinea che non vi 猫 alcuna garanzia di continuazione della quotazione su Nasdaq o su altre borse valori nazionali.
Jeffs' Brands (Nasdaq: JFBR), una empresa de comercio electr贸nico que opera en Amazon Marketplace, ha anunciado que ha restablecido el cumplimiento con el requisito del precio m铆nimo de oferta de Nasdaq. La empresa recibi贸 un aviso por escrito de Nasdaq confirmando que ha cumplido con el requisito de mantener un precio m铆nimo de oferta de $1,00 por acci贸n durante 10 d铆as h谩biles consecutivos. Esto resuelve el problema anterior de deficiencia en el precio de oferta, lo que permite que JFBR contin煤e cotizando en el Nasdaq Capital Market. Sin embargo, la empresa se帽ala que no hay garant铆a de que se mantenga la cotizaci贸n en Nasdaq u otras bolsas de valores nacionales.
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Jeffs' Brands (Nasdaq: JFBR), une entreprise de commerce 茅lectronique op茅rant sur Amazon Marketplace, a annonc茅 qu'elle a retrouv茅 sa conformit茅 aux exigences de prix minimum de Nasdaq. L'entreprise a re莽u une notification 茅crite de Nasdaq confirmant qu'elle a respect茅 l'exigence de maintenir un prix minimum de 1,00 $ par action pendant 10 jours ouvrables cons茅cutifs. Cela r茅sout la pr茅c茅dente question de carence de prix d'offre, permettant 脿 JFBR de continuer 脿 茅changer sur le Nasdaq Capital Market. Cependant, l'entreprise note qu'il n'y a aucune garantie de maintien de la cotation sur Nasdaq ou d'autres bourses de valeurs nationales.
Jeffs' Brands (Nasdaq: JFBR), ein E-Commerce-Unternehmen, das auf Amazon Marketplace t盲tig ist, hat bekannt gegeben, dass es die Einhaltung der Mindestgebotsanforderungen von Nasdaq wiederhergestellt hat. Das Unternehmen erhielt eine schriftliche Mitteilung von Nasdaq, die best盲tigt, dass es die Anforderung erf眉llt hat, einen Mindestgebotspreis von 1,00 USD pro Aktie f眉r 10 aufeinanderfolgende Handelstage zu halten. Dies l枚st das vorherige Problem mit der Gebotspreisdefizitfrage und erm枚glicht es JFBR, weiterhin am Nasdaq Capital Market zu handeln. Das Unternehmen weist jedoch darauf hin, dass es keine Garantie f眉r eine Fortsetzung der Listung bei Nasdaq oder anderen nationalen Wertpapierb枚rsen gibt.
- Regained Nasdaq listing compliance by meeting $1.00 minimum bid requirement
- Continues trading on Nasdaq Capital Market without interruption
- No assurance of maintaining future Nasdaq listing requirements
Insights
Tel Aviv, Israel, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (鈥淛effs鈥� Brands鈥� or the 鈥淐ompany鈥�) (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 (鈥淣asdaq鈥�), 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
The Nasdaq staff made this determination of compliance after the closing bid price of the Company鈥檚 ordinary shares was at
The Company鈥檚 ordinary shares continue to trade on the Nasdaq Capital Market under the symbol 鈥淛FBR. There is no assurance however that the ordinary shares will remain listed on Nasdaq or any other national securities exchange.
About Jeffs鈥櫬燘rands 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鈥檚 management team鈥檚 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鈥� Brands Ltd visit聽.
Forward-Looking Statement Disclaimer
This press release contains 鈥渇orward-looking statements鈥� 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 鈥渟afe harbor鈥� 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 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渟eek,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥済oal,鈥� 鈥渆stimate,鈥� 鈥渁nticipate鈥� 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鈥檚 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鈥檚 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鈥檚 Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (鈥淪EC鈥�), 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
FAQ
When did Jeffs' Brands (JFBR) regain Nasdaq compliance?
What was the minimum bid price requirement that JFBR had to meet for Nasdaq compliance?
Will Jeffs' Brands (JFBR) continue trading on Nasdaq?
