XTEND to Go Public via JFB Merger, Targets $500 Million Pipeline Under New XTEND AI Robotics Brand

New updates have been reported about XTEND.

XTEND, a provider of AI-driven robotic and software systems for defense and security markets, is advancing its U.S. listing strategy through an all-stock merger with Nasdaq-listed JFB Construction Holdings, with the combined entity to operate as XTEND AI Robotics under the ticker “XTND.” Management has released a pre-recorded investor presentation and filed related materials with the SEC, highlighting a reported $500 million sales pipeline and $71 million contracted backlog as indicators of strong commercial momentum.

The deal, already unanimously approved by both boards and by a majority of JFB shareholders, is expected to close in mid-2026 following SEC review of a Form S-4 registration statement and customary regulatory approvals, after which the combined company will be headquartered in Tampa, Florida. XTEND, which has deployed more than 10,000 systems across over 30 countries and multiple combat zones, is positioning the transaction to scale its XTEND Operating System–based robotics platform, deepen access to U.S. capital markets, and leverage JFB’s U.S. infrastructure footprint, while cautioning investors about integration, government funding, and execution risks detailed in forthcoming SEC risk factor disclosures.