Mergers & Acquisitions ·
JFB Construction Holdings entered into an amendment to its merger agreement with Xtend AI Robotics, Inc. and Xtend…
JFBJFB Construction Holdings
JFB Construction Holdings entered into an amendment to its merger agreement with Xtend AI Robotics, Inc. and Xtend Reality Expansion Ltd. to modify several key terms, including lowering the minimum closing cash threshold from $110,000,000 to $60,000,000 and extending the closing outside date to October 31, 2026. The amendment also includes new restrictions on Newco's ability to issue shares at less than $6.00 per share for six months post-closing and updates the investor support agreement with American Ventures LLC, Series XIV JFB. JFB Construction Holdings operates in the construction industry.