JFB said its 2-for-1 stock split is expected to become effective on March 24, 2026, for stockholders of record as of March 23, 2026. The company said each share of common stock will be split into two shares, with trading expected to begin on a split-adjusted basis after market close on March 23, 2026. JFB said outstanding shares are expected to rise to about 14.03 million from about 7.01 million. Chief executive Joseph Basile III said the split is being implemented in connection with a previously announced USD 1.5 billion all-stock business combination with XTEND. JFB said the combined company is expected to be renamed XTEND AI Robotics and trade on Nasdaq under the ticker XTND after the merger closes in mid-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JFB Construction Holdings published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603120630PRIMZONEFULLFEED9670791) on March 12, 2026, and is solely responsible for the information contained therein.