---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-033558"
form_type: "8-K"
ticker: "JFB"
cik: "0002024306"
company_name: "JFB Construction Holdings"
filed_at: "2026-07-16T20:55:26+00:00"
generated_at: "2026-07-16T20:56:10.939025+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# JFB amends merger with Xtend: lowers cash condition to $60M, extends deadline to Oct 31, 2026

## Summary
- Minimum closing cash reduced from $110M to $60M; outside date extended to Oct 31, 2026 with up to two 3-month extensions.
- Newco restricted from issuing shares below $6.00 per share for six months post-closing.
- Listing venue changed from NASDAQ to NYSE; lock-up provisions added for 270 days with coordinated sale process.
- Shareholder (American Ventures) agrees to 180-day lock-up with limited sales above $3.10, and warrants cashless exercised at $6.3391 per share, capped at 6,999,928 Newco shares.
- Warrant exercise by Shareholder expected to satisfy the $60M closing cash condition.

## SEC filing metadata
- accession: 0001493152-26-033558
- form_type: 8-K
- ticker: JFB
- cik: 0002024306
- company_name: JFB Construction Holdings
- filed_at: 2026-07-16T20:55:26+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024306/000149315226033558/0001493152-26-033558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024306/000149315226033558/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-033558
- JSON: https://secwatch.observer/filing/0001493152-26-033558.json
- Plain text: https://secwatch.observer/filing/0001493152-26-033558.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.