Lucosky Brookman Represents JFB Construction Holdings in Approximate $44 Million PIPE Financing
JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential properties, has successfully closed an approximately $44 million private placement priced at the market under Nasdaq rules.
The PIPE financing was made with American Ventures LLC, Series XIV JFB as the sole investor, resulting in gross proceeds of approximately $43.9 million.
Under the terms of the offering, JFB sold 4,389,500 shares of Series C Convertible Preferred Stock, convertible into 8,068,933 shares of common stock, together with an equal number of Common Warrants A and B, exercisable for common stock at $5.75 and $6.25 per share, respectively. Both warrant series will expire three years from the date of issuance.
Dominari Securities LLC acted as the exclusive placement agent for the financing. Lucosky Brookman LLP served as legal counsel to JFB Construction Holdings in connection with the transaction.
This $44 million private placement provides JFB with strategic capital to strengthen its balance sheet, support ongoing operations, and position the company for continued growth across its diverse real estate and construction portfolio, which spans 36 U.S. states and includes multifamily communities, shopping centers, national franchises, and exclusive residential estates.