JFB Construction Holdings, XTEND merger set to close Sept. 3, shares to list on NYSE Sept. 4 under XTND - JFB News | RalliesJFB Construction Holdings, XTEND merger set to close Sept. 3, shares to list on NYSE Sept. 4 under XTND
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JFB• Exchange ratios for the all-stock deal
- In the all-stock exchange, each JFB common share converts into 1 XTEND AI Robotics share; each XTEND ordinary share converts into about 1.36 shares.
- If JFB closes below $4 on Sept. 3, the ratios shift to 0.5 share per JFB share and about 0.68 per XTEND share.
Merger closing and new listing timeline
- XTEND is set to combine with JFB Construction Holdings, with closing targeted for Sept. 3, 2026.
- The combined company will be renamed XTEND AI Robotics, with shares expected to trade on the NYSE as XTND on Sept. 4.
- JFB’s Class A common stock is expected to stop trading on Nasdaq after the market close on Sept. 3.
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