JFB Construction to Merge with XTEND in $1.5B Deal to Form Leading AI-Driven Defense Robotics Company
DEFENSEROBOTICS
JFB Construction Holdings and XTEND are merging in a $1.5 billion all-stock transaction to create XTEND AI Robotics, which will specialize in AI-driven autonomous defense systems. The merger is backed by investors such as Eric Trump and Unusual Machines.
Upon completion in mid-2026, XTEND shareholders will hold about 70% of the new entity, with JFB shareholders retaining approximately 30%. This partnership aims to enhance U.S. defense capabilities by integrating XTEND's AI operating system with JFB's infrastructure. The merged company will be listed on Nasdaq under the ticker 'XTND'.

Feb 18, 2026, 12:46 PM