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JFB Construction Holdings Class A Common Stock

As of September 3, 2026, JFB Construction Holdings has been acquired by XTEND Reality Expansion Ltd. in a reverse merger transaction. The company operates as a commercial and residential real estate construction and development company in the United States through three segments: Commercial Construction, Residential Construction, and Real Estate Development. Its Commercial Construction segment handles projects such as office buildings, retail centers, hospitality establishments, and industrial facilities, as well as ground-up commercial buildings and franchise buildouts. The Residential Construction segment covers home remodels, luxury single-family homes, and equestrian facilities, while the Real Estate Development segment focuses on the acquisition, development, and sale of real estate properties. JFB Construction Holdings was incorporated in 2014 and is based in Lantana, Florida.

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Chartered Group Spins Off XTEND AI Robotics onto NYSE, Valuation Soars to 1.5 Billion Dollars

Chartered Group, a global investment group and major shareholder in Bangchak Corporation, or BCP, and in MFC Asset Management, or MFC, joined the bell-ringing ceremony marking the start of trading for XTEND AI Robotics, or XTEND, on the New York Stock Exchange after the company listed as a public company with an estimated valuation of about 1.5 billion US dollars, or more than 50 billion baht. XTEND began trading on the New York Stock Exchange on September 4, 2026, following the completion of its merger with JFB Construction Holdings, a transaction that raised a total of about 110 million US dollars and gave XTEND an estimated valuation of about 1.5 billion US dollars. Chartered Group is one of XTEND's early investors and strategic partners. According to documents filed with the US Securities and Exchange Commission, the group's investment interests in XTEND are held through several related entities, including Opus Chartered Issuances S.A., a fund related to Japan Israel High Tech Ventures, and Chartered Holdings Limited. Eyal Agmoni, founder and chairman of Chartered Group, is the ultimate beneficiary of that investment, which accounts for approximately 20% of XTEND's issued and outstanding shares. Meanwhile, the group's investments in Thailand also cover Bangchak, with approximately 275.5 million shares purchased through Alpha Chartered Energy Co., Ltd., or about 20.01% of the company, and MFC, in which Opus Chartered Issuances S.A. acquired approximately 31.36 million shares, or about 24.96% of MFC.
XTEND (Xtend AI Robotics, Inc.) · Capital · Positive XTEND completed its merger with JFB Construction Holdings, raised about $110 million, and began NYSE trading at an estimated $1.5 billion valuation.
JFB · Capital · Neutral JFB Construction Holdings merged with XTEND, the transaction that took XTEND public; JFB is the merger counterparty but its own outcome is not detailed.
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Kaohoon·11hRead more →
United States
Defense & Geopolitical Fragmentation▲

XTEND to Begin Trading on NYSE Following JFB Merger

AI-powered defense robotics and software company XTEND is set to begin trading on the New York Stock Exchange under the ticker symbol XTND, following a business combination with JFB Construction Holdings. The combined company will be renamed XTEND AI Robotics, and CEO Aviv Shapira called the move the next chapter in the company's growth journey. The debut comes as investors parse the August jobs report, which showed the U.S. gained 56,000 jobs, with unemployment holding at 4.1%. Separately, AT&T celebrates its 125th anniversary as a NYSE-listed company, marking its debut on this date in 1901.
About megatrends
Defense & Geopolitical Fragmentation › Autonomous Systems & Counter-Drone Capital
XTEND (Xtend AI Robotics, Inc.) · Capital · Positive Begins trading on NYSE following merger, marking a major corporate milestone
JFB · Capital · Positive Merger with XTEND completed, leading to NYSE listing and name change
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PR Newswire·30dRead more →
United States
JFB▲

XTEND AI Robotics completes JFB merger, to trade on NYSE as XTND

XTEND AI Robotics, Inc., the combined company formed by the merger of JFB Construction Holdings and XTEND Reality Expansion Ltd., will begin trading on the New York Stock Exchange under the ticker symbol "XTND" on September 4, 2026. JFB's Class A common stock ceased trading on the Nasdaq after the market close on September 3, 2026. At closing, JFB delivered approximately $67.7 million, surpassing its $60 million minimum cash requirement to fund working capital and scale the company's AI-powered robotics operations. Under the multi-step merger agreement initially executed in February 2026, both XTEND Reality Expansion Ltd. and JFB became direct, wholly-owned subsidiaries of XTEND AI Robotics, Inc.
JFB · Capital · Positive JFB completed its merger with XTEND Reality Expansion to form XTEND AI Robotics, delivering ~$67.7M cash and moving its listing to the NYSE under XTND.
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Seeking Alpha·30dRead more →
Robotics & Physical AI▲

XTEND Secures $9 Million Middle East Multi-Drone Program and Two New Patents

XTEND has secured approximately $9.0 million in defense orders to expand autonomous multi-drone operations for a Middle East customer. The program funds mission-enabling technologies and operational enhancements that improve the effectiveness, resilience, and scalability of autonomous drone operations, allowing operators to supervise, coordinate, and execute more complex missions across larger robotic fleets. XTEND also received two new patent grants covering core UAV navigation and control technology: U.S. Patent No. 12,222,735 for continuously directing an unmanned vehicle to a user-marked destination independent of the surrounding environment, and Israeli Patent No. 285,095 as its Israeli counterpart. These grants build on U.S. Patent No. 12,461,522 secured earlier this month, which covers precise UAV maneuvering under communication latency. CEO Aviv Shapira stated that the program validates XTEND's XOS operating system architecture and that the patents protect technologies proven in combat, reinforcing the company's competitive position as it approaches its NYSE listing following a merger with JFB Construction Holdings.
About megatrends
Robotics & Physical AI › Civil Drones & UAV ▲Demand
Defense & Geopolitical Fragmentation › Autonomous Systems & Counter-Drone Technology
XTEND (Xtend AI Robotics, Inc.) · Demand · Positive Secured $9M defense orders for autonomous multi-drone operations from a Middle East customer.
XTEND (Xtend AI Robotics, Inc.) · Technology · Positive Received two new patents covering core UAV navigation and control technology, building on a prior patent.
JFB · Capital · Positive XTEND's merger with JFB Construction Holdings is mentioned, and the positive news about XTEND's orders and patents may enhance the combined entity's value.
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GlobeNewswire·103dRead more →