Xtend Merges With JFB Construction Holdings In $1.5 Billion Deal To Create XTEND AI Robotics

Israeli drone maker Xtend is merging with Florida-based JFB Construction Holdings in a transaction valued at $1.5 billion, creating a new entity named XTEND AI Robotics, which is anticipated to trade on Nasdaq under the symbol "XTND." The completion of this merger is expected by mid-2026, and upon closing, Xtend shareholders are projected to own approximately 70% of the combined company.

Summary of transaction details:

• Deal Type: Merger
• Transaction Amount: $1,500,000,000
• Company 1: Xtend
• Company 2: JFB Construction Holdings
• Headquarters: Tel Aviv, Israel
• Notable investors: Eric Trump, Unusual Machines, Protego Ventures

Aviv Shapira is the CEO and co-founder of Xtend. This merger is intended to enhance Xtend's capabilities in scaling its U.S. manufacturing of AI-driven autonomous drones, which have already seen deployment by the Israeli Defense Forces and have secured contracts with the Pentagon. The involvement of strategic investors signals potential confidence in the company’s growth and technological advancements.