JFB and XTEND Announce $1.5 Billion Merger to Establish AI-Powered Defense Robotics Leader in the U.S.
JFB Construction Holdings and XTEND have agreed to merge in a $1.5 billion deal, creating XTEND AI Robotics. The merger, supported by investors including Eric Trump and Unusual Machines, aims to combine AI-driven robotic defense systems with existing operational capabilities in the U.S., enhancing national security. The new company will be based in Tampa, Florida, and is expected to be listed on Nasdaq under the symbol 'XTND' upon completion, anticipated by mid-2026.
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JFB Construction Holdings and XTEND will merge in a $1.5 billion transaction to form XTEND AI Robotics, focusing on AI-driven autonomous defense solutions. The deal is backed by strategic investors, including Eric Trump and Unusual Machines.
The combined entity will enhance U.S. defense capabilities with advanced robotic systems and will be headquartered in Tampa, Florida. The merger aims to bolster domestic manufacturing capacity in compliance with the NDAA, accelerating product delivery to U.S. and NATO clients.
Current XTEND shareholders will own approximately 70% of the new company, with JFB shareholders holding about 30%. The merger is expected to close by mid-2026.
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