XTEND and JFB complete merger, set to trade on NYSE
News provided byXTEND AI Robotics, Inc · 3 min read
TAMPA, Fla., On September 3, 2026, XTEND, a leader in software systems and artificial intelligence-powered robotics, and JFB Construction Holdings (Nasdaq: JFB) completed a significant business combination, with the combined entity set to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "XTND" the following day.
The $60 million in cash received by XTEND satisfies the final financial condition for the transaction, bringing the merger one step closer to its anticipated closing. With this milestone, the combined company will be renamed XTEND AI Robotics, Inc., and its common stock is expected to begin trading on the NYSE on September 4, 2026.
The transaction follows the Securities and Exchange Commission's (SEC) declaration of effectiveness on August 11, 2026, of the Form S-4 registration statement, clearing the last regulatory hurdle. The final information statement/prospectus was mailed to JFB stockholders as of August 11, 2026, and all NYSE listing requirements have now been met, leaving only customary closing conditions to be fulfilled.
XTEND has been on a strong growth trajectory, with several notable achievements in the month leading up to the merger. On August 31, 2026, the company announced that the business combination with JFB was on track to close on September 3, 2026, with shares expected to begin trading on the NYSE on September 4, 2026. In the same month, XTEND delivered hundreds of M6F tactical ISR systems to a new defense customer in the Asia-Pacific region. Additionally, the company secured a multi-year contract worth up to $15 million with a European NATO member nation's Ministry of Defense on August 17, 2026, and positioned itself as a leading supplier of NDAA-compliant, Made-in-America drones as new U.S. tariffs reshaped the market for imported systems.
“Satisfying the minimum cash condition with $60 million in cash received removes one of the last remaining conditions to closing our merger with JFB,” said Aviv Shapira, Co-Founder and CEO of XTEND. “With the merger on track to close on September 3, 2026, and our shares expected to begin trading on the NYSE on September 4, 2026, we are entering the next chapter of XTEND's growth well-capitalized and ready to scale our AI-powered robotics platform for defense, law enforcement, and security customers around the world.”
Tal Horesh, Chief Financial Officer of XTEND, added, “This puts to rest one of the final closing conditions and strengthens our balance sheet as we transition to a publicly traded company on the NYSE. We believe it positions XTEND to capitalize on the substantial demand we are seeing across our defense and security markets.”
XTEND’s software-enabled robotic systems are designed to extend the reach and effectiveness of defense and security operators while reducing human exposure in high-risk environments. The company’s platform combines advanced robotic hardware with intuitive control, mission management, and autonomous capabilities, enabling rapid deployment across diverse operational scenarios. With over 12,500 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and are operationally deployed by national defense, special-mission units, and security organizations worldwide.
The additional capital and pending public listing are expected to support XTEND’s continued investment in its global manufacturing footprint and product development as it scales to meet growing demand from defense and security customers worldwide. Additional details regarding the transaction, including the timing of closing, will be announced as they become available.