JFB and XTEND announce $1.5B business combination (GLOBE Newswire) — JFB Construction Holdings and Israeli autonomous systems firm XTEND agreed to merge in an all-stock deal to create XTEND AI Robotics, a Nasdaq-listed AI-driven autonomous defense robotics company valued at roughly $1.5 billion. The combined entity will focus on AI operating systems, aerial/ground/maritime autonomous vehicles, and domestic manufacturing expansion in Tampa, FL. Strategic investors include Unusual Machines Inc., Protego Ventures, American Ventures, LLC, Aliya Capital, and others.
- Timeline & impact: Expected close mid-2026, with XTEND shareholders owning ~70% of pro forma stock.
- NASDAQ ticker planned: XTND post-closing.
