JFB Construction to Merge with XTEND in $1.5B Deal to Form Leading AI-Driven Defense Robotics Company
JFB Construction Holdings has announced a $1.5 billion merger with XTEND, a defense technology firm specializing in AI-driven robotics. The transaction, supported by strategic investors including Eric Trump and Unusual Machines, will create XTEND AI Robotics, enhancing U.S. defense capabilities. XTEND shareholders will own approximately 70% of the combined entity post-merger, expected to complete in mid-2026 and listed on Nasdaq under the ticker 'XTND'.
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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'.
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