JFB to merge with XTEND in $1.5B deal; newco XTEND AI Robotics to list on Nasdaq

JFB Construction Holdings

JFB merges with XTEND in all-stock transaction valued at $1.5B; JFB shareholders to own ~30% of combined company.
Concurrent private placement of 802k shares at $12.50 each raises ~$10M gross ($9.2M net) from institutional investors.
Strategic investors include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, Protego Ventures, Aliya Capital.
Combined company renamed XTEND AI Robotics, listed on Nasdaq under ticker "XTND", expected close mid-2026.
XTEND's AI XOS operating system deployed in over 10,000 systems; newco to expand US production in Tampa, FL.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JFB Construction Holdings entered into Securities Purchase Agreements with certain institutional accredited investors valued at approximately $10.0 million (effective 2026-02-13).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional accredited investors
Value: approximately $10.0 million
Effective: 2026-02-13

Exact text from the filing

On February 13, 2026, JFB Construction Holdings (the “Company”) entered into securities purchase agreements (the “Securities Purchase Agreements”) with certain institutional accredited investors (the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a private placement an aggregate of 802,000 shares of the Company’s common stock, par value $0.0001 per share (the “Placement Shares”) at a price of $12.50 per share (the “Private Placement”).

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306 material agreements filed in the last 30 days. Browse all material agreements →

JFB Construction Holdings filing history →

Source: SEC EDGAR

accession 0001493152-26-006957

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