JFB Construction Holdings and XTEND have released new investor materials as part of their previously announced $1.5 billion business combination that will bring the artificial intelligence robotics company to U.S. public markets.
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The companies shared a pre-recorded investor presentation featuring remarks from executives outlining the strategic vision, financial outlook and market opportunity for the combined business.
The presentation includes comments from Aviv Shapira, Chief Executive Officer and Co-Founder of XTEND, and Tal Horesh, Chief Financial Officer of XTEND, as the companies continue preparations for the planned transaction.
The merger will combine JFB Construction Holdings, a Nasdaq-listed real estate development and construction firm, with XTEND, a developer of artificial intelligence-powered robotics systems. The deal is designed to enable XTEND to pursue a U.S. public listing through a business combination with the construction company.
The materials associated with the presentation have also been filed with the U.S. Securities and Exchange Commission.
Under the terms of the transaction, the companies will merge through an all-stock business combination with an implied acquisition value of approximately $1.5 billion.
Rather than one company acquiring the other, both organizations will combine their operations into a newly formed entity. Existing shareholders of both companies will retain equity in the combined business.
Following the closing of the deal, the new company will operate under the name XTEND AI Robotics and is expected to trade on a U.S. national securities exchange under the ticker symbol “XTND.”
The combined company is expected to establish its headquarters in Tampa, Florida once the transaction is finalized.
XTEND develops robotics systems designed for high-risk operational environments where human exposure may be dangerous.
The company’s technology is built around its proprietary operating platform, the XTEND Operating System, commonly known as XOS. The platform allows operators to control robotic systems and drones while integrating artificial intelligence capabilities and autonomous functionality.
These systems are designed for use in defense operations, law enforcement missions and private security applications.
According to the companies, XTEND has deployed more than 10,000 systems across more than 30 countries, supporting operations for several major defense organizations.
Customers and partners include the Israel Defense Forces, the Singapore Army and the UK Ministry of Defence, along with security and law enforcement agencies in multiple countries.
The technology is intended to support human-machine collaboration, allowing operators to manage robotic platforms while minimizing risks in complex operational environments.
Investor materials released alongside the presentation highlight several key financial indicators for the robotics company.
XTEND reported an estimated project pipeline of roughly $500 million, reflecting potential future contracts and growth opportunities across its defense and security markets.
In addition, the company reported approximately $71 million in backlog as of Dec. 31, 2025, representing confirmed orders and contracted work that has yet to be completed.
Executives say these figures illustrate strong demand for the company’s robotics platforms and AI-driven mission systems.
The company estimates its addressable market at approximately $67 billion, covering defense, law enforcement and private security sectors globally.
The proposed merger is backed by roughly $152 million in investment commitments from a group of strategic investors.
Approximately $42 million of those commitments were agreed to be funded at the time the deal was signed.
Investors supporting the transaction include Eric Trump, Unusual Machines, American Ventures LLC, Protego Ventures, Aliya Capital and Agostinelli Group.
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The investment group is expected to help provide capital and strategic guidance as the combined company expands its robotics technology and global deployment footprint.
The proposed merger has already been unanimously approved by the boards of directors of both companies.
In addition, shareholders of JFB Construction Holdings holding a majority of the company’s outstanding common stock have provided written consent supporting the transaction.
A registration statement on Form S-4 is expected to be filed with the SEC as part of the regulatory approval process.
If approved, the companies expect the transaction to close in the middle of 2026, subject to customary closing conditions and regulatory approvals.
The deal reflects the growing intersection between construction, advanced robotics and artificial intelligence technologies, as infrastructure and engineering companies increasingly partner with technology firms to expand into emerging sectors such as autonomous systems and defense robotics.
Originally reported by Globe News Wire.
