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.

XTEND AI Robotics, which is set to combine with JFB Construction Holdings, secured a $3 million follow-on defense order from an existing customer for advanced operational capabilities. This order came one day after a separate $9 million defense order. Together, these bring XTEND's announced defense procurement to over $12 million across two distinct customer programs within 24 hours, reflecting the growing breadth of its defense relationships and reinforcing its ecosystem-driven growth strategy.

JFB Construction Holdings announced that XTEND, its merger partner, secured approximately $9.0 million in defense orders for autonomous multi-drone operations for a Middle East customer. XTEND also received two new patent grants covering core UAV navigation and control technology, adding to a patent secured earlier this month. These milestones, along with other significant contracts and regulatory approvals, highlight XTEND's strong momentum as it approaches its NYSE listing following the definitive merger agreement with JFB in February 2026.

JFB Construction Holdings and XTEND announced the filing of an amended Form S-4 registration statement with the SEC for their proposed business combination. This filing marks a significant milestone in the SEC review process, advancing the companies closer to completing the merger. The combined entity will be renamed XTEND AI Robotics and is expected to list on the New York Stock Exchange under the ticker "XTND". The business combination is anticipated to close in the third quarter of 2026, subject to customary closing conditions.

JFB Construction Holdings announced a definitive Business Combination Agreement with XTEND Operating Systems Ltd., an AI-driven defense technology company. The all-stock transaction will result in the combined company operating as XTEND AI Robotics and trading on Nasdaq under the ticker "XTND", with closing expected in 2026. The company also completed a private placement raising $10.025 million and a PIPE financing for $43.9 million, alongside a 2-for-1 forward stock split and a change in its Board of Directors.

JFB Construction Holdings announced that XTEND, its merger partner, will participate in the 16th Annual ROTH London Conference from June 16-18, 2026. XTEND's CEO and CIO will host investor meetings at the event. This follows the definitive agreement announced on February 17, 2026, for JFB and XTEND to combine in an all-stock transaction. The joint company will be renamed XTEND AI Robotics and listed as "XTND," with strategic investments from several entities.

JFB Construction Holdings announced that XTEND, with which JFB is set to combine, has secured a U.S. patent (No. 12,461,522) for technology enabling unmanned aerial vehicles (UAVs) to maintain precise control despite communication degradation and latency. This patent addresses a critical challenge in autonomous systems, particularly in contested environments, by allowing UAVs to hold course and stay on target. The intellectual property is crucial for XTEND's XOS operating system and its global defense and security market expansion, protecting its unique capabilities. The business combination between JFB and XTEND was announced on February 17, 2026, and the combined entity will be renamed XTEND AI Robotics.

JFB Construction Holdings announced that XTEND, its proposed merger partner, was selected for the U.S. Department of Defense's Drone Dominance Program (DDP) Phase II Qualifier. This significant initiative is designed to accelerate the deployment of next-generation autonomous drone technologies, with an aim to procure over 200,000 drones by 2027. XTEND will demonstrate its proprietary XOS operating system at the qualifier event, showcasing its human-guided autonomous operations. The proposed business combination between JFB and XTEND is expected to close mid-2026, with the combined entity to be renamed XTEND AI Robotics.

XTEND, an AI robotics company set to merge with JFB Construction Holdings, has launched its sovereign UK AI robotics XFAB facility in Swindon, England. This strategic expansion aims to support NATO-aligned autonomous defense capabilities and follows an initial £1.93 million order for UK defense activities. XTEND plans to invest up to £20 million over time to further expand its UK operational capabilities, leveraging its U.S. Department of War-validated technology and successful trials with British Forces.

JFB Construction Holdings announced that a key condition for its merger with Xtend AI Robotics, Inc. and XTEND Reality Expansion Ltd. was satisfied on May 19, 2026. This condition, requiring the affirmative vote of a majority of the Company's common stock holders, was met through a Written Consent delivered by Joseph F. Basile, III and The Basile Family Irrevocable Trust. The merger, initially disclosed in February 2026, is still expected to close in mid-2026. Additionally, the Board adopted Second Amended and Restated Bylaws on May 18, 2026, which remove language restricting the Company from accepting stockholder actions by written consent.