Core Points - JFB Construction Holdings has completed a PIPE financing agreement with American Ventures LLC, raising approximately $43.9 million in gross proceeds [1] - The company utilized $12 million of the net proceeds to retire Class B Common Stock owned by CEO Joseph F. Basile III, with the remaining funds allocated for general corporate operating expenses [2] - The financing involved the sale of 4,389,500 shares of Series C Convertible Preferred Stock, convertible into 8,068,933 shares of common stock at a conversion price of $5.44 per share [3] - The offering included 8,068,933 Common Warrants A and B, with exercise prices of $5.75 and $6.25 respectively, both expiring three years from issuance [4] Company Overview - JFB Construction Holdings specializes in real estate development and construction across hospitality, commercial, industrial, and residential sectors [1] - The company has extensive experience in building multifamily communities, shopping centers, and over 2 million square feet of commercial and retail space [7] - JFB has established a strong reputation based on client trust, with most projects acquired through referrals and repeat customers, operating in 36 U.S. states [8]