XTEND AI Robotics Debuts Following Merger
TAMPA, Fla., Sept. 03, 2026 (GLOBE NEWSWIRE) – JFB Construction Holdings (Nasdaq: JFB) and XTEND Reality Expansion Ltd. announced the successful completion of their business combination. The newly formed entity is named XTEND AI Robotics, Inc., which will start trading on the NYSE under the ticker “XTND” from September 4, 2026.
Key Highlights:
- JFB has met its $60 million cash requirement for closing, providing approximately $67.7 million for working capital.
- CEO Aviv Shapira emphasized that this merger positions XTEND for growth in AI-powered robotics across defense and security sectors.
Transaction Overview:
The merger was finalized through multiple mergers as per an agreement dated February 13, 2026. Both JFB and XTEND now operate as wholly-owned subsidiaries of XTEND AI Robotics.
Advisors:
- Stifel and Truist Securities acted as financial advisors to XTEND.
- Dominari Securities LLC served as the placement agent for JFB.
Cautionary Statements:
This press release contains forward-looking statements regarding the merger’s benefits, positions, strategies, and expectations. Risks associated with these statements include integration difficulties, market conditions, and retention of key personnel.
About XTEND:
XTEND focuses on tools for high-risk operational environments, using its XTEND Operating System (XOS) to power robotic solutions across defense and security sectors. The company operates internationally, having deployed over 12,500 systems in 30+ countries.
About JFB Construction Holdings:
JFB provides construction management services across 36 U.S. states.
For more information, visit www.XTEND.me.
Media Contacts:
- Sarah Small of Headline Media: sarah@headline.media, 929-255-1449
- Shannon Devine of MZ North America: XTND@mzgroup.us, 203-741-8811.
This merger marks a significant move for XTEND as it strengthens its market position, backed by significant capital and a solid strategic outlook.
