Correspondence 0001213900-23-074973 from Nexera Technologies Ltd (NEXR, NEXRW) (CIK 0001885408) (JFBR)
Nexera Technologies Ltd (NEXR, NEXRW) (CIK 0001885408)
Date: Sept. 7, 2023 · CIK: 0001885408 · Accession: 0001213900-23-074973
AI Filing Summary & Sentiment
File numbers found in text: 333-262835
Letter
Via EDGAR Securities and Exchange Commission Division of Corporation Finance Office of Trade & Services Re: Jeffs’ Brands Ltd Post-Effective Amendment No. 2 to Form F-1 Response Dated July 24, 2023 File No. 333-262835
Dear Madam:
The purpose of this letter is to respond to your letter of July 24, 2023, regarding the abovementioned Post-Effective Amendment No. 2 to Form F-1 (the “Post-Effective Amendment No. 2”) of Jeffs’ Brands Ltd (the “Company”, ‘we’, “us” or “our”). For your convenience, your original comment appears in bold text, followed by our response. We are concurrently submitting Amendment No. 1 to Post-Effective Amendment No. 2 to Registration Statement on Form F-1 (“Amendment No. 1”). Capitalized terms used, but not defined, in this letter have the meanings ascribed to such terms in Amendment No. 1.
Response Dated July 24, 2023
General
1. We note your response that you initially registered $8,912,500 in ordinary shares issuable upon the exercise of Additional Warrants, and to date you have issued Additional Warrants to purchase $5,705,560.70 in ordinary shares. Instead of the maximum offering amount, please tell us the volume of Additional Warrants and shares underlying such warrants that you registered on the Form F-1 declared effective on August 25, 2022, as required by Item 501(b)(2) of Regulation S-K. If the amount of Additional Warrants and underlying ordinary shares reflected on the post-effective amendment exceeds the amount of Additional Warrants and ordinary shares registered on the F-1, it is impermissible to register them now. See Securities Act Rule 413(a). Tell us why you believe you can register the additional securities, or remove them from the registration statement.
Response: We acknowledge the Staff’s comment and respectfully advise the Staff that we registered a maximum aggregate offering amount of $45,531,250 under the Company’s Registration Statement on Form F-1 declared effective on August 25, 2022 (the “Registration Statement”) which included an amount of $8,912,500 related to the Ordinary Shares issuable upon the exercise of Additional Warrants. Based on the exercise price of $2.02 of each Additional Warrant (which is 50% of the exercise price of $4.04 of each Warrant), the number of Additional Warrants and Ordinary Shares underlying such Additional Warrants that we registered on the Registration Statement, was 4,412,128 (which is $8,912,500 divided by $2.02). Effective as of November 28, 2022, we issued Additional Warrants to purchase up to an aggregate of 2,824,535 Ordinary Shares at an exercise price of $2.02 per share, for an aggregate offering amount of $5,705,560.70, which number of Additional Warants and underlying Ordinary Shares and offering amount is less than the amount registered under the Registration Statement. No additional securities are being registered in the Post-Effective Amendment No. 2.
2. Exhibits 5.1 and 5.2 hyperlink to legal opinions dated May 4, 2022 which indicate that you are registering a proposed maximum aggregate offering price by the Company of up to $53,543,750. However, the legal opinions dated July 28, 2022 indicate that the maximum offering amount was $62,456,250. Please update the links in the post-effective amendment to hyperlink to the correct legal opinion
Response: We acknowledge the Staff’s comment and respectfully advise the Staff that the maximum aggregate offering amount was reduced to $45,531,250 in connection with Amendment No. 3. We therefore have filed corrected legal opinions as Exhibits 5.1 and 5.2 to Amendment No. 1 to correct the typographical error in response to the Staff’s comment.
If you have any questions or require additional information, please call the Company’s attorneys, Oded Har-Even at (212) 660-5003 or Angela Gomes at (617) 338-2957, of Sullivan & Worcester LLP.
Sincerely,
Jeffs’ Brands Ltd
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CORRESP
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Jeffs’ Brands Ltd
7 Mezada Street
Bnei Brak, Israel 5126112
September 7, 2023
Via EDGAR
Cara Wirth
Securities and Exchange Commission
Division of Corporation Finance
Office of Trade & Services
100 F Street, NEs
Washington, DC 20549
Re:
Jeffs’ Brands Ltd
Post-Effective Amendment No. 2 to
Form F-1
Response Dated July 24, 2023
File No. 333-262835
Dear Madam:
The purpose of this letter is to respond to your
letter of July 24, 2023, regarding the abovementioned Post-Effective Amendment No. 2 to Form F-1 (the “Post-Effective Amendment
No. 2”) of Jeffs’ Brands Ltd (the “Company”, ‘we’, “us” or “our”). For your
convenience, your original comment appears in bold text, followed by our response. We are concurrently submitting Amendment No. 1 to Post-Effective
Amendment No. 2 to Registration Statement on Form F-1 (“Amendment No. 1”). Capitalized terms used, but not defined, in this
letter have the meanings ascribed to such terms in Amendment No. 1.
Response Dated July 24, 2023
General
1.
We note your response that you initially registered $8,912,500 in ordinary shares issuable upon the exercise of Additional Warrants, and to date you have issued Additional Warrants to purchase $5,705,560.70 in ordinary shares. Instead of the maximum offering amount, please tell us the volume of Additional Warrants and shares underlying such warrants that you registered on the Form F-1 declared effective on August 25, 2022, as required by Item 501(b)(2) of Regulation S-K. If the amount of Additional Warrants and underlying ordinary shares reflected on the post-effective amendment exceeds the amount of Additional Warrants and ordinary shares registered on the F-1, it is impermissible to register them now. See Securities Act Rule 413(a). Tell us why you believe you can register the additional securities, or remove them from the registration statement.
Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that we registered a maximum aggregate offering amount
of $45,531,250 under the Company’s Registration Statement on Form F-1 declared effective
on August 25, 2022 (the “Registration Statement”) which included an amount of $8,912,500 related to the Ordinary Shares issuable
upon the exercise of Additional Warrants. Based on the exercise price of $2.02 of each Additional Warrant (which is 50% of the exercise
price of $4.04 of each Warrant), the number of Additional Warrants and Ordinary Shares underlying such Additional Warrants that we registered
on the Registration Statement, was 4,412,128 (which is $8,912,500 divided by $2.02). Effective as of November 28, 2022, we issued Additional
Warrants to purchase up to an aggregate of 2,824,535 Ordinary Shares at an exercise price of $2.02 per share, for an aggregate offering
amount of $5,705,560.70, which number of Additional Warants and underlying Ordinary Shares and offering amount is less than the amount
registered under the Registration Statement. No additional securities are being registered in the Post-Effective Amendment No. 2.
2.
Exhibits 5.1 and 5.2 hyperlink to legal opinions dated May 4, 2022 which indicate that you are registering a proposed maximum aggregate offering price by the Company of up to $53,543,750. However, the legal opinions dated July 28, 2022 indicate that the maximum offering amount was $62,456,250. Please update the links in the post-effective amendment to hyperlink to the correct legal opinion
Response: We acknowledge the
Staff’s comment and respectfully advise the Staff that the maximum aggregate offering amount was reduced to $45,531,250 in connection
with Amendment No. 3. We therefore have filed corrected legal opinions as Exhibits 5.1 and 5.2 to Amendment No. 1 to correct the typographical
error in response to the Staff’s comment.
If you have any questions or require additional information,
please call the Company’s attorneys, Oded Har-Even at (212) 660-5003 or Angela Gomes at (617) 338-2957, of Sullivan & Worcester
LLP.
Sincerely,
Jeffs’ Brands Ltd
By:
/s/ Viki Hakmon
Viki Hakmon
Chief Executive Officer
cc:
Oded Har-Even, Esq., Sullivan & Worcester LLP
Angela Gomes, Esq., Sullivan & Worcester LLP