XTEND AI Robotics debuts on NYSE after $110 million merger

XTEND AI Robotics, Inc., the newly formed company resulting from the merger of JFB Construction Holdings and XTEND Reality Expansion Ltd., began trading on the New York Stock Exchange (NYSE) under the ticker symbol “XTND” on September 4, 2026. The combined entity, which now operates as XTEND AI Robotics, Inc., raised $110 million in the process.

The business combination was completed on September 3, 2026, with JFB Construction Holdings ceasing trading on the Nasdaq Stock Market. According to the press release, JFB satisfied its $60 million minimum closing cash obligation, delivering approximately $67.7 million, which will support working capital and further growth.

Aviv Shapira, Co-Founder and CEO of XTEND AI Robotics, expressed optimism about the future: "Completing our merger with JFB is the final step in establishing XTEND AI Robotics as a U.S.-listed company. We are well-capitalized and prepared to scale our AI-powered robotics platform for defense, law enforcement, and security customers globally."

Tal Horesh, Chief Financial Officer of XTEND AI Robotics, added, "Closing the business combination strengthens our balance sheet and marks a significant transition to operating as a publicly traded company on the NYSE. We believe our capital position, combined with the growing demand from our defense and public safety customers, positions us to expand manufacturing capacity and capitalize on the opportunities ahead."

The merger was executed through a series of mergers under the terms of the Agreement and Plan of Merger dated February 13, 2026, with subsequent amendments. Advisors to the transaction included Stifel as exclusive financial and capital markets advisor to XTEND, Truist Securities as a capital markets advisor, and Dominari Securities LLC as the exclusive placement agent for JFB Construction Holdings. Legal counsel for XTEND included Paul Hastings LLP, with Banai Azriel Stern and Meitar Law Offices providing Israeli legal support. Sichenzia Ross Ference Carmel LLP and Amit, Pollak, Matalon & Co. represented JFB Construction Holdings.

Shapira highlighted the strategic benefits of the merger, stating, "The combined company is poised to leverage the strengths of both organizations, enhancing our capabilities in AI and robotics technology to serve a broader range of customers."

With over 12,500 systems deployed in more than 30 countries, XTEND has established itself as a leader in software systems and physical AI, deployed in high-threat environments. The company’s offerings include a proprietary XTEND Operating System (XOS) and a platform of robots, drones, and robotic subsystems, designed for Defense, Homeland Security, and Commercial Security missions. XTEND’s solutions are NDAA-compliant and manufactured through a global network of regional XFAB facilities in the U.S., the U.K., Singapore, Israel, and Latvia.

JFB Construction Holdings, a real estate development and construction company with operations in 36 U.S. states, was a key partner in the merger, bringing its financial and operational expertise to the combined entity.

As the newly public company, XTEND AI Robotics, Inc. now faces the challenge of integrating the two businesses while expanding its market reach and fulfilling customer demands.