TLDR:
- JFB merges with XTEND to build $1.5B autonomous defense robotics firm
- XTEND AI Robotics targets Nasdaq XTND listing after all-stock deal
- JFB pivots into AI defense through landmark XTEND merger
- Tampa hub anchors new US autonomous defense robotics platform
- XTEND deal reshapes JFB into AI-driven defense manufacturer
JFB (JFB) shares trade at at $3.10 after the company confirmed a $1.5 billion all-stock merger with XTEND. The transaction creates XTEND AI Robotics, an autonomous defense robotics platform based in Tampa. The deal signals a structural pivot from construction into advanced defense technology.
JFB Construction Holdings Class A Common Stock, JFB
The combined entity plans to list on Nasdaq under the ticker XTND after closing. Ownership will allocate about 70% to XTEND holders and 30% to JFB holders. The companies expect to complete the merger in mid-2026.
Strategic investors will support expanded US production capacity after closing. The funding focuses on NDAA-compliant manufacturing within domestic facilities. This framework aligns the business with national security supply priorities.
XTEND Technology Platform Drives Defense Expansion
XTEND operates a software-first defense system built around its XOS operating platform. The system integrates autonomous air, ground, and maritime robotics into unified operations. This architecture supports rapid deployment in high-risk environments.
The technology enables remote multi-drone coordination across dynamic missions. Operators manage fleets without direct exposure to physical danger. That capability meets rising global demand for safer defense tools.
XTEND already deploys more than 10,000 operational systems worldwide. The platform supports defense, security, and public safety organizations. Its software backbone ensures consistent mission reliability at scale.
Tampa Manufacturing Hub Anchors US Production Strategy
The merged company will operate headquarters and production in Tampa, Florida. The site will expand domestic output under NDAA compliance standards. That shift prioritizes secure American manufacturing capacity.
Increased production will accelerate delivery to US and allied customers. The company plans to serve NATO and Asian markets through the Tampa hub. Domestic scaling reduces supply chain exposure and geopolitical risk.
JFB contributes infrastructure expertise to support facility expansion. Its construction background strengthens buildout efficiency and logistics planning. That operational support accelerates industrial readiness.
Merger Structure Aligns Capital and Governance
The transaction uses an all-stock structure under a new holding company. Shareholders from both firms will receive equity in XTEND AI Robotics. The structure preserves liquidity while funding growth.
Boards from both companies approved the merger unanimously. Majority JFB shareholders also confirmed the transaction through written consent. This approval clears a key governance milestone.
Financial and legal advisors coordinated execution across both sides. Investment banks and legal teams structured the capital framework. Their work supports regulatory and listing preparation.
Strategic Context and Industry Positioning
JFB historically operated in commercial and residential construction markets. The merger marks a full transition into defense technology manufacturing. That pivot reshapes the company’s long-term direction.
XTEND originated as a Tel Aviv defense robotics innovator. It expanded operations into the United States to scale production. The Tampa location anchors that expansion strategy.
The combined entity positions itself within the growing defense robotics sector. Global security spending continues shifting toward autonomous systems. XTEND AI Robotics aligns directly with that trend.
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