JFB Construction Holdings

JFB Construction Holdings reported a net loss of $4.01 million for the three months ended June 30, 2026, with basic and diluted EPS of $(0.23). For the six months ended June 30, 2026, the company recorded a net loss of $7.26 million. A significant event was the remittance of a $30.22 million down payment to XTEND in February 2026, related to a merger agreement. The company's total assets increased to $54.31 million, largely due to this prepaid acquisition cost.

JFB Construction Holdings and XTEND announced that the U.S. Securities and Exchange Commission has declared their Form S-4 registration statement effective. This clears the final regulatory milestone for their proposed business combination. The merger is anticipated to close on September 1, 2026, pending the satisfaction of customary closing conditions. Upon completion, the combined company will be renamed XTEND AI Robotics, Inc. and is expected to trade on the New York Stock Exchange under the ticker symbol "XTND."

JFB Construction Holdings announced that XTEND, an AI-powered robotics leader it is acquiring, achieved a significant manufacturing milestone. XTEND produced seven robotic platforms across its five global manufacturing facilities in a single week, all powered by its proprietary XOS operating system. This demonstrates the scalability of XTEND's localized XFAB manufacturing strategy and its evolution into a global physical AI platform company. The pending merger with JFB will result in the combined entity being renamed XTEND AI Robotics.

JFB Construction Holdings announced that XTEND, with whom JFB is merging, has completed the integration of SIA Atlas Aerospace. This integration establishes SIA Atlas Aerospace as XTEND XFAB Latvia, serving as XTEND's European manufacturing and engineering center. The merger between JFB Construction Holdings and XTEND, announced earlier this year, will result in the combined entity being renamed XTEND AI Robotics and listed under the ticker "XTND".

JFB Construction Holdings announced that its subsidiary, XTEND, a leader in AI-powered robotics, has completed the integration of Atlas, a Latvia-based robotics company acquired earlier this year. This integration expands XTEND's XOS-powered robotics ecosystem with four new ISR platforms and over 4,200 deployed systems, establishing Latvia as its European manufacturing and engineering hub. The move significantly strengthens XTEND's production capacity, market presence in approximately 40 European countries, and ability to support defense organizations. JFB Construction Holdings is also progressing with its merger with XTEND, which will result in the combined entity being renamed XTEND AI Robotics.

JFB Construction Holdings reported a net loss of $3.26 million for the first quarter of 2026, a significant decline from a net income of $30,307 in the prior year. Despite a substantial increase in total sales to $12.68 million, the company incurred a $30.22 million prepaid acquisition cost related to a merger agreement with XTEND, which heavily impacted its cash position. Cash and restricted cash decreased to $6.72 million from $25.21 million at the end of 2025, while total assets rose to $54.71 million.

JFB Construction Holdings announced that XTEND, with whom it is combining, successfully supported the British Army during Ex RHINO BIZZ. XTEND's SCORPIO 1000 autonomous strike systems validated the British Army's first long-range autonomous strike missions with live kinetic payloads, engaging targets up to 7.5 kilometers. This milestone reinforces XTEND's operational capabilities and its expanding collaboration with the British Army, ahead of the planned merger where the combined entity will be renamed XTEND AI Robotics.

XTEND, a leader in AI-powered robotics set to combine with JFB Construction Holdings, has advanced to the Gauntlet II phase of the U.S. Department of War's $1 billion Drone Dominance Program. XTEND's STRIKER system, designed for tactical operations in confined environments, was selected among 19 companies to proceed after successful qualification. This advancement positions XTEND for potential procurement of up to 60,000 drone systems, strengthening its role in the U.S. defense ecosystem. The business combination with JFB is expected to rename the entity XTEND AI Robotics.

JFB Construction Holdings announced that XTEND, with which it is merging, has secured a U.S. patent (No. 12,222,735) for its AI-powered autonomous mission execution technology. This patent, also granted in Israel, protects technology enabling unmanned aerial vehicles (UAVs) to autonomously navigate toward operator-designated objectives in dynamic and unfamiliar environments, reducing operator workload. The newly patented technology strengthens XTEND's intellectual property portfolio and complements its XOS operating system, reinforcing its competitive position ahead of the planned business combination with JFB Construction Holdings.

JFB Construction Holdings announced that its Chief Operating Officer, Bill Dyer, was issued 25,000 shares of common stock as a transaction achievement bonus. This award was made pursuant to the Company's 2024 equity incentive plan and was approved by the Board on June 16, 2026. The bonus was granted in connection with the company's entry into a merger agreement dated February 13, 2026.