JFB Construction expects 2-for-1 stock split to be effective on March 24

JFB Construction (JFB) announced an update with regard to the recently announced 2-for-1 stock split of the company’s issued and outstanding shares of common stock. The stock split is now expected to become effective on March 24, for stockholders of record as of close of business on March 23, at which time every one share of JFB common stock will be automatically split into two shares of common stock. Stockholders of record will receive one additional share of common stock for each share held on the record date. Trading of the company’s common stock on the Nasdaq Capital Market is expected to begin on a split-adjusted basis after market close on March 23 under the company’s existing ticker symbol “JFB.”