Welcome to our dedicated page for JFB Construction Holdings news (Ticker: JFB), a resource for investors and traders seeking the latest updates and insights on JFB Construction Holdings stock.
JFB Construction Holdings (JFB) delivers innovative construction solutions and community-focused development projects across commercial and residential markets. This news hub provides stakeholders with timely updates on corporate milestones, financial performance, and operational developments.
Access official press releases covering new project launches, regulatory compliance achievements, and strategic partnerships. Investors will find earnings reports and leadership updates, while industry observers can monitor trends in commercial construction techniques and residential market expansions.
The curated collection includes updates across three core areas: commercial construction contracts, multifamily housing developments, and real estate innovation initiatives. All content undergoes verification to ensure alignment with corporate communications standards.
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JFB Construction Holdings (NASDAQ:JFB) has secured a significant private placement agreement with American Ventures LLC, expected to generate approximately $44 million in gross proceeds. The PIPE financing includes the sale of 4,389,500 shares of Series C Convertible Preferred Stock at $10 per share, convertible into 8,068,933 common shares at $5.44 per share.
The deal also includes two sets of warrants: Common Warrants A exercisable at $5.75 and Common Warrants B at $6.25, both expiring in three years. Of the proceeds, $12 million will be used to retire CEO Joseph F. Basile III's Class B Common Stock, with the remainder allocated for general corporate expenses. Dominari Securities LLC served as the exclusive placement agent.
JFB Construction Holdings (NASDAQ:JFB) has secured a contract to provide design-build services for a Prison Island franchise location in Indianapolis, Indiana. The project involves constructing a 14,000 square foot indoor adventure center featuring escape room-type experiences.
Prison Island, which currently operates 98 locations across 20 countries but only two in the U.S., has selected JFB Construction as a partner for its U.S. expansion plans. Construction is scheduled to begin in Q4 2025, with the project currently in the design phase.
JFB Construction Holdings (NASDAQ: JFB) has secured new contracts worth over $69.5 million in 2025, spanning multiple sectors including hospitality, commercial retail, industrial, and high-end residential development. The company reported a significant 93% year-over-year revenue increase in Q1 2025. CEO Joseph F. Basile, III emphasized this achievement as an important milestone, highlighting the company's ability to leverage partnerships and execute strategic growth plans. The company aims to establish itself as one of the country's premier real estate developers and general contractors while focusing on delivering long-term shareholder value.
JFB Construction Holdings (NASDAQ: JFB) has secured a $6.7 million contract to convert and remodel an existing Holiday Inn into a Courtyard by Marriott in Melbourne, Florida. The construction project is scheduled to commence in the third quarter of 2025.
This marks JFB's second project with Marriott Hotels, signaling the company's growing presence in the hospitality development sector. CEO Joseph F. Basile, III expressed optimism that successful completion of this project could lead to additional opportunities with the nationally recognized hotel brand.
JFB Construction Holdings (NASDAQ: JFB) has secured an $18 million contract to develop a new Courtyard by Marriott hotel in Olive Branch, Mississippi. The project involves the construction of a 117-room hotel facility, with construction scheduled to begin in June 2025.
Notably, JFB Construction will serve as both the general contractor and co-developer of the project, marking a strategic expansion into the hospitality development sector. The company was actively involved in the land acquisition process and maintains an ownership position in the location. CEO Joseph F. Basile, III highlighted this project as a significant milestone that aligns with the company's future goals and could potentially lead to additional hospitality development opportunities.
JFB Construction Holdings (Nasdaq: JFB) has appointed Jesus Rolon as Chief Construction Officer, effective May 5th, 2025. Rolon brings over 25 years of experience in design and construction, specializing in quick-serve restaurants, retail, and fitness facilities.
His most recent role was director of design and construction at Planet Fitness Corporate, where he managed a $44 million capex budget. Previously, at Save A Lot Food stores, he oversaw 100+ construction projects valued between $300,000 to $2 million. He also managed construction at Applebee's Neighborhood Grill and Bar.
Key qualifications:
- Licensed State Certified Building Contractor in Florida
- Degree in computer aided drafting from Polytechnic University of Puerto Rico
- Certified draftsman licensed by Puerto Rico Drafting and Design Licensing Board
- Bilingual capabilities
JFB Construction Holdings (Nasdaq: JFB) has announced its largest single commercial construction project to date - a $15 million Auto Clubhouse development in Charlotte, North Carolina. The project, set to begin in Q3 2025, includes a 103,000 square foot warehouse featuring 42 luxury auto condo bays and a 40,000 square foot storage building for luxury vehicles.
As the prime contractor, JFB will manage both design and construction. The facility will serve as an exclusive community for affluent auto enthusiasts, offering built-to-suit customizable garages with high-end security and a members' clubhouse. The company is currently constructing its first Auto Clubhouse in Jupiter, Florida, with additional locations planned in Dallas, Scottsdale, and Sarasota.
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