JFB Construction Merger Condition Met by Written Consent

JFB Construction Holdings announced that a key condition for its merger with Xtend AI Robotics, Inc. and XTEND Reality Expansion Ltd. was satisfied on May 19, 2026. This condition, requiring the affirmative vote of a majority of the Company's common stock holders, was met through a Written Consent delivered by Joseph F. Basile, III and The Basile Family Irrevocable Trust. The merger, initially disclosed in February 2026, is still expected to close in mid-2026. Additionally, the Board adopted Second Amended and Restated Bylaws on May 18, 2026, which remove language restricting the Company from accepting stockholder actions by written consent.