JFB Construction Holdings Stock Price, News & Analysis

JFB (Nasdaq: JFB) closed a PIPE financing on October 2, 2025, raising approximately $43,895,000 gross.

The company sold 4,389,500 shares of Series C convertible preferred stock (stated value $10) convertible into 8,068,933 common shares at a conversion price of $5.44 per preferred share. It also issued 8,068,933 Common Warrants A (exercise $5.75) and 8,068,933 Common Warrants B (exercise $6.25); both warrant series expire three years from issuance and are exercisable immediately.

JFB used $12 million of net proceeds to redeem CEO Joseph F. Basile III’s Class B common stock; remaining proceeds for general corporate operating expenses. Dominari Securities acted as placement agent. The securities are unregistered; JFB agreed to file registration statements for resale.

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 a multi-million-dollar contract to design and build a new Divine Savior religious center in West Palm Beach, Florida. The project involves constructing a 14,000+ square foot facility that will include childcare and educational facilities. The new center will replace Divine Savior's existing West campus in Palm Beach County. CEO Joseph F. Basile III highlighted this as a significant win for JFB's commercial contracting segment, demonstrating the company's versatility across different sectors. Design documentation is expected to be completed in the coming months, with construction scheduled to begin in Q4 2025.

JFB Construction Holdings (Nasdaq: JFB) has begun construction on a luxury residence and equestrian estate in Wellington, Florida. The project features a 17,000 square foot home on a five-acre estate, including an attached guest house, a six-stall barn with detached utility garage, and a full riding arena. This development is part of JFB's previously announced $69.5 million in new contracts for 2025 and represents the company's strategic focus on expanding its high-end residential construction segment in South Florida. CEO Joseph F. Basile III emphasized Wellington's status as a premier global horse sports destination and highlighted the company's commitment to leveraging relationships with architects, engineers, and designers to drive growth in the residential construction segment.

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) reported strong Q1 2025 financial results, with revenues surging 93% to $5.91 million compared to Q1 2024's $3.05 million. Gross profit increased 66% to $1.46 million from $587,199 in the prior year. The company secured several major contracts, including a record $21 million contract for a 79-unit townhome community in South Florida, an $18 million Courtyard by Marriott co-development, and a $15 million industrial project. JFB successfully completed its IPO at $5.16 and appointed Jesus Rolon as Chief Construction Officer. The company plans to expand into new U.S. markets through strategic partnerships while focusing on brand visibility and customer acquisition initiatives.

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.