JFB Construction Holdings and XTEND release materials on $1.5B merger

JFB Construction Holdings (NASDAQ: JFB) and XTEND released a pre-recorded investor presentation regarding their previously announced $1.5 billion all-stock business combination, according to a company statement.

The presentation features remarks from Aviv Shapira, Chief Executive Officer and Co-Founder of XTEND, and Tal Horesh, Chief Financial Officer of XTEND. The materials have been filed with the U.S. Securities and Exchange Commission.

Under the transaction, XTEND, a software systems and artificial intelligence-powered robotics company, will combine with JFB, a real estate development and construction company, to form a new publicly traded entity. The combined company will be named XTEND AI Robotics and is expected to be listed on a U.S. national securities exchange under the ticker "XTND."

XTEND reported a pipeline of approximately $500 million and a backlog of approximately $71 million as of December 31, 2025. The company has deployed over 10,000 systems across more than 30 countries, serving defense, law enforcement, and private security markets.

The transaction has received $152 million in investment commitments, with $42 million agreed to fund at signing. Strategic investors include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, Aliya Capital, and Agostinelli Group.

The merger has been unanimously approved by the boards of directors of both companies and by written consent of JFB shareholders holding a majority of outstanding common stock. A registration statement on Form S-4 will be filed with the SEC.

The transaction is expected to close in mid-2026, subject to customary closing conditions and regulatory approvals. The combined company will be headquartered in Tampa, Florida.

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