Business
JFB and XTEND Announce $1.5B Business Combination to Establish a Nasdaq-Listed US Leader in AI-Driven Autonomous Defense Robotics
Strategic investors in the merger include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, Aliya Capital and Agostinelli Group.Implied acquisition value of $1.5 billion, based on the price paid per share in concurrent private placement.Merger to create an autonomous defense and security systems company combining AI-driven robotic operating system with established US operating and infrastructure capabilities, strengthening the security of the United States and
About this update from Jfb Construction Holdings
[{"type":"image","alt":"JFB Construction Holdings","displaySize":"","headline":null,"caption":"JFB Construction Holdings","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":260,"url":"https://media.zenfs.com/en/globenewswire.com/fa3c514305532705eaf8be1d6d580724"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZqIlZ5rVCzaa60mYRHAg8Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM2NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fa3c514305532705eaf8be1d6d580724","width":300,"height":260}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Strategic investors in the merger include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, Aliya Capital and Agostinelli Group.","length":163,"tagName":"p"}]},{"val":[{"type":"text","content":"Implied acquisition value of $1.5 billion, based on the price paid per share in concurrent private placement.","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Merger to create an autonomous defense and security systems company combining AI-driven robotic operating system with established US operating and infrastructure capabilities, strengthening the security of the United States and its allied nations.","length":247,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":519,"olType":false},{"type":"text","content":"PALM BEACH, Fla., Feb. 17, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company, announced today that it has entered into a definitive agreement to combine with XTEND, a software-first defense technology company anchored by its AI XTEND Operating System (XOS) in an all-stock transaction. The business combination is further supported by strategic investments from Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, and Aliya Capital. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on Nasdaq under the ticker “XTND.”","length":699,"tagName":"p"},{"type":"text","content":"With headquarters and a production facility in Tampa, FL, the combined company expects to be well positioned to become a leading US provider of AI-driven autonomous defense and security solutions. XTEND delivers next-generation autonomous systems for defense, public ...