On January 29, 2024, Jeffs' Brands Ltd, closed the transaction. The Company issued an aggregate of 2,704,461 units and pre-funded units. The pre-funded units were sold at the same purchase price as the units, less the pre-funded warrant exercise price of $0.00001. Each unit and pre-funded unit consists of one ordinary share, one Series A common warrant exercisable for one and one-quarter ordinary shares at an exercise price of $2.69 per one whole ordinary share and one Series B common warrant to purchase such amount of ordinary shares as will be determined on the Reset Date at an exercise price of $0.00001 per ordinary share. The common warrants were exercisable upon issuance and have a term of 5.5 years from the issuance date. The number of securities issued under the units and pre-funded units is subject to adjustment.

The company has received $7,275,000 pursuant to Regulation D and included participation from 23 investors.