- JFB Construction Holdings has executed an **$18.8 million contract** as the general contractor for the first phase of a public high school in DeSoto County, Florida, which is part of a **$100 million total project value**.  **[2024306_0001493152-25-018480_ex99-1.htm:0]** 
- Construction for Phase 1 is scheduled to **begin in mid-October 2025**, with substantial completion expected by **May 2026**.  **[2024306_0001493152-25-018480_ex99-1.htm:0]** **[2024306_0001493152-25-018480_form8-k.htm:1]** 
- The company anticipates an **immediate positive impact on its Q4 2025 revenue** from this project.  **[2024306_0001493152-25-018480_ex99-1.htm:0]** 
- JFB's **over $34 million in working capital** was a crucial factor in securing the contract, enhancing its bonding capacity for large projects.  **[2024306_0001493152-25-018480_ex99-1.htm:0]**

JFB Construction Holdings Secures $18.8 Million Contract for Florida High School Project

- **JFB Construction Holdings** closed a private investment in public equity (PIPE) financing on **October 2, 2025**, generating approximately **$43,895,000** in gross proceeds.  **[2024306_0001493152-25-016735_ex99-1.htm:0]** **[2024306_0001493152-25-016735_form8-k.htm:1]** 
- The financing involved the sale of **4,389,500 shares of Series C Convertible Preferred Stock** and a total of **16,137,866 common stock warrants** (Common Warrants A and Common Warrants B) to American Ventures LLC, Series XIV JFB.  **[2024306_0001493152-25-016735_ex99-1.htm:0]** **[2024306_0001493152-25-016735_form8-k.htm:1]** 
- The company plans to use **$12 million** of the net proceeds to retire Class B Common Stock owned by its CEO, Joseph F. Basile III, with the remaining funds allocated for general corporate operating expenses.  **[2024306_0001493152-25-016735_ex99-1.htm:0]** **[2024306_0001493152-25-016735_form8-k.htm:1]**

JFB Construction (JFB)