JFB Construction, XTEND Clear SEC Hurdle
JFB Construction and XTEND clear SEC S-4 review, target Sept 1 closing for merger
~ Effectiveness of Form S-4 Clears Final Regulatory Milestone Ahead of Closing ~ ~ Combined Company to be Renamed XTEND AI Robotics, with Closing Anticipated September 1, 2026, and Expected to Trade on the New York Stock Exchange under Ticker "XTND" ~ TAMPA, Fla. and PALM BEACH, Fla., Aug.
11, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ: JFB ), a real estate development and construction company, and XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced that the U.S.
Securities and Exchange Commission (the "SEC") has declared the registration statement on Form S-4 filed in connection with their previously announced proposed business combination effective.
The effectiveness of the registration statement marks the completion of the SEC review process and clears the way for JFB and XTEND to proceed toward closing.
The final information statement/prospectus included in the Form S-4 will be mailed to JFB stockholders of record as of August 11, 2026 beginning on August 11, 2026.
JFB and XTEND currently expect the proposed business combination to close on September 1, 2026, subject to the satisfaction of customary closing conditions, including approval of the listing of the combined company’s shares on the New York Stock Exchange.
Upon closing, the combined company will be renamed XTEND AI Robotics, Inc. and is expected to trade on the New York Stock Exchange under the ticker symbol "XTND."