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JFB Construction Holdings entered into a Merger Agreement dated February 13, 2026 with Xtend AI Robotics, Inc., XT Merger Sub 2, Inc., and XTEND Reality Expansion Ltd., under which Xtend shareholders will own at least 70.5% of the combined entity on a fully diluted basis, JFB stockholders approximately 19.9%, and 9.6% reserved for equity plans. The company also closed a $10.0 million private placement and entered into an indemnification agreement with CEO Joseph F. Basile, III.
Event Type
Disclosure
Mandatory
Variant
8-K
. Entry into a Material Definitive Agreement. Merger Agreement with XTEND Reality Expansion Ltd. (“Xtend”) On February 13, 2026, the Company entered into an Agr
. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February
. Other Events Private Placement As previously announced, on February 13, 2026, the Company entered into securities purchase agreements (the “Securities Purchas
. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 2.1 Agreement and Plan of Merger, dated as of February 13, 2026, by and among JFB Con
Joseph F. Basile, III
Effective: Upon Closing
Personal guarantees on construction contracts
Material Agreement