Jeffs’ Brands Ltd (NASDAQ:JFBR) shares are trading higher premarket on Monday. The company secured the exclusive worldwide distribution rights for advanced drone safety systems developed by a leading drone company.
The agreement, effective for two years and subject to certain conditions, allows the company to sell these systems exclusively through Amazon.com‘s global marketplace.
This partnership underscores Jeffs’ Brands’ commitment to leveraging its e-commerce expertise to deliver innovative technological solutions, focusing on reliability and performance to address key challenges in the drone industry.
Last week, the company announced it regained compliance status with Nasdaq's minimum bid requirement.
The Nasdaq Stock Market has confirmed the matter is now closed, allowing Jeffs' Brands to continue trading on the Nasdaq Capital Market.
However, the company cautioned that there is no guarantee its shares will maintain their Nasdaq listing status in the future.
Price Action: JFBR shares are up 4.48% at $3.03 premarket at the last check Monday.
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