XTEND AI Robotics starts NYSE trading after JFB merger at $1.5 billion valuation

  • XTEND Reality Expansion completed its merger with JFB Construction Holdings and began NYSE trading as XTND.
  • The combined company was valued at $1.5 billion, with $5.8 million in first-quarter 2026 revenue.
  • XTEND has deployed more than 12,500 systems across over 30 countries and five combat zones.

XTEND Reality Expansion Ltd. began trading on the New York Stock Exchange under the ticker XTND on September 4, 2026, after completing its merger with Nasdaq-listed JFB Construction Holdings. The all-stock transaction valued the combined company at $1.5 billion and closed on September 3, with $60 million deployed to satisfy closing requirements; the closing announcement said approximately $67.7 million was delivered against a $60 million minimum. XTEND is now incorporated in Delaware, while its former operating company and JFB became wholly owned subsidiaries of XTEND AI Robotics, Inc. The company reported first-quarter 2026 revenue of $5.8 million, up 234% from a year earlier, alongside an $11.5 million net loss. It estimated 2025 revenue at about $20 million. Founded in 2018, XTEND has deployed more than 12,500 systems across over 30 countries and five combat zones. Its XOS platform supports autonomous drones and robotic systems for defense, law enforcement and security markets. XTEND opened a U.S. headquarters and manufacturing facility in Tampa, Florida, in July 2025, and employs between 267 and 300 people, about 60% of them based in Israel.

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