Brief: Jeffs' Brands signs Non-Binding Letter To Acquire A 70% Stake Laser-Based Technology Company

Nexera Technologies

14/12/2023 14:54

Dec 14 (Reuters) - Jeffs Brands Ltd  JFBR.O :
    * JEFFS' BRANDS SIGNS A NON-BINDING LETTER OF INTENT TO
ACQUIRE A
70% STAKE FOR AN INVESTMENT OF $2 MILLION, IN A CUTTING-EDGE
LASER-BASED TECHNOLOGY COMPANY, DEVELOPING DEFENSE SOLUTIONS
AGAINST DRONE-BASED VISUAL SYSTEMS
    * JEFFS BRANDS:LOI HAS SOME MILESTONE CONDITIONS IF ACHIEVED
BY
NEWCO TO GRANT FOUNDERS FOR NO FURTHER CONSIDERATION ADDITIONAL
EQUITY INTERESTS IN NEWCO

Source text for Eikon:  ID:nGNX1wBmqS 
Further company coverage:  JFBR.O 

 ((Reuters.Briefs@thomsonreuters.com;))