JFB and XTEND Announce $1.5 Billion Merger to Create AI-Powered Defense Robotics Leader
JFB Construction Holdings and XTEND are merging in a $1.5 billion stock transaction to form XTEND AI Robotics, a Nasdaq-listed leader in AI-driven autonomous defense robotics. The merger is backed by strategic investors including Eric Trump and Unusual Machines. The new entity will enhance domestic production capabilities in Tampa, Florida, and expedite product delivery to U.S. and NATO customers. XTEND AI Robotics is expected to be listed under the ticker 'XTND' and aims to address growing demand for defense technology amid global security instability.
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JFB Construction Holdings is merging with XTEND in a $1.5 billion stock transaction to form XTEND AI Robotics, a leader in AI-driven autonomous defense robotics. Strategic investors include Eric Trump and Unusual Machines.
The merger will enhance domestic production capabilities at XTEND's facility in Tampa, Florida, and speed up delivery of products to U.S. and NATO clients. XTEND AI Robotics will be listed on Nasdaq under the ticker 'XTND.'
Following the merger, XTEND shareholders will hold approximately 70% and JFB shareholders 30% of the new entity's stock. The transaction is expected to close in mid-2026.
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