{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-007359","form_type":"8-K","ticker":"JFB","cik":"0002024306","company_name":"JFB Construction Holdings","filed_at":"2026-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.021615+00:00","generated_at":"2026-05-16T02:11:20.426959+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"JFB Construction Holdings enters merger with Xtend; JFB holders get 19.9% of Newco","bullets":["JFB enters merger with Xtend Reality Expansion Ltd.; Xtend shareholders will own at least 70.5% of Newco, JFB holders ~19.9%.","Private Placement closed: 802,000 shares at $12.50/share for ~$10M gross proceeds ($9.2M net) to fund Xtend SAFE Investment of $30.22M.","Closing expected mid-2026; subject to regulatory approvals (HSR, CFIUS, Israeli FDI), Nasdaq listing, minimum cash condition of $110M.","Termination fees: $15M payable by either party under certain conditions; if JFB fails minimum cash, Xtend SAFE reduced by $25M.","Support agreements lock up Newco shares for 180 days post-closing from key JFB and Xtend shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-007359","json":"https://secwatch.observer/filing/0001493152-26-007359.json","markdown":"https://secwatch.observer/filing/0001493152-26-007359.md","text":"https://secwatch.observer/filing/0001493152-26-007359.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2024306/000149315226007359/0001493152-26-007359-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2024306/000149315226007359/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:11:20.426959+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62a2bb6465348970ce8f40bd1f7184f5aeb0943f","claim":"JFB Construction Holdings entered into Agreement and Plan of Merger with XTEND Reality Expansion Ltd., Xtend AI Robotics, Inc., XT Merger Sub 2, Inc. (effective 2026-02-13).","evidence_excerpt":"On February 13, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Xtend AI Robotics, Inc., a Delaware corporation (“Newco”), XT Merger Sub 2, Inc., a Nevada corporation and a direct, wholly-owned subsidiary of Newco (“Merger Sub 2”), and Xtend.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2024306/000149315226007359/0001493152-26-007359-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"XTEND Reality Expansion Ltd., Xtend AI Robotics, Inc., XT Merger Sub 2, Inc."},{"label":"Effective","value":"2026-02-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}