$1.5 billion anticipated merger with XTEND establishes Nasdaq-Listed US leader in

AI-driven autonomous defense robotics anticipated to close by Q2 2026

TAMPA, Fla., April 07, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ:JFB) and XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced that JFB's 2025 year end revenues increased by 32% as compared to 2024 year end revenues.

On February 17, 2026 the Company announced that it entered into a definitive agreement to combine with XTEND, a software-first defense technology company anchored by its AI XTEND Operating System (XOS) in a transaction valued at $1.5 billion.

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."