Jeffs Brands Ltd ( JFBR ) shares are trading higher premarket on Tuesday after the company’s wholly-owned subsidiary, Smart Repair Pro, entered into a definitive deal to acquire Pure NJ Logistics LLC for $2.6 million.

Smart Repair Pro will fully acquire the equity interests in Pure Logistics from the sellers for a base payment of $2.1 million and a deferred payment of $500,000.

The Base Payment will be made in cash at the acquisition’s closing, expected within seven business days.

The deferred payment will be structured through promissory notes totaling $500,000, with a 9% annual interest rate, and will be repaid in ten monthly installments of $50,000 each, starting six months after the acquisition closes, with payments prorated according to each seller's ownership in Pure Logistics.

The acquired company operates a 100,000-square-foot logistics facility with 20 loading docks strategically located near the third-largest port in the U.S.

This acquisition will enable Jeffs Brands ( JFBR ) to offer services to third parties and is expected to significantly strengthen the company's supply chain capabilities.

As security for the Promissory Notes, at closing, the company will issue warrants to the sellers to purchase Jeffs’ Brands ordinary shares at an exercise price of $2.75 per share.

Smart Repair Pro will pay the sellers a total of $247,401.87 in cash to cover an outstanding security deposit provided by the Sellers under Pure Logistics’ current lease agreement.

The completion of this transaction is subject to the satisfaction or waiver of customary closing conditions.

Last month, Jeffs Brands ( JFBR ) entered into a definitive agreement to complete the merger of its wholly owned subsidiary, Fort Products Limited, a UK-based private company, with Impact Acquisitions Corp. at a valuation of up to around $12 million.

Price Action: Jeffs Brands ( JFBR ) shares are up 15.5% at $1.64 premarket at the last check Tuesday.

Read Next:

Jeffs’ Brands Integrates DeepSeek AI To Boost E-Commerce Operations

Image: Shutterstock