Jeffs' Brands STock Gains 42% Over Agreement To Sell Its Key US Assets For $11.8 Mln

(RTTNews) - Shares of Jeffs' Brands Ltd (JFBR) are climbing around 42 percent during Wednesday's trading following the company's decision to sell its key US assets to Plantify Foods, Inc. for $11.8 million.

The company's stock is currently trading at $1.21, up 42.35 percent or $0.36, over the previous close of $0.85 on the Nasdaq. It has traded in the range of $0.1700 - $3.9600 in the last 52 weeks.

The key assets comprise of the company's wholly-owned subsidiary, Smart Repair Pro, and its approximately 49.1 percent ownership interest in SciSparc Nutraceuticals Inc.