JFB Construction Holdings closes $5.16M IPO; begins trading on Nasdaq under JFB

JFB Construction Holdings

IPO of 1,250,000 units at $4.125/unit, gross proceeds $5.16M before expenses and underwriter discount.
Each unit consists of one Class A common share and one warrant exercisable at $5.50, expiring in five years.
Underwriters have 45-day option for 187,500 additional units; exercised 138,600 warrants on March 6, 2025.
Net proceeds for business expansion, equipment purchases, strategic investments, personnel, and working capital.
Officers/directors subject to 6-month lock-up; company restricted from issuing shares for 18 months without underwriter consent.

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