XTEND and JFB Construction Holdings Merge to Form AI Robotics Company

Israeli defense tech firm XTEND and JFB Construction Holdings are merging in a $1.5 billion all-stock deal. The new entity, XTEND AI Robotics, will focus on AI-powered autonomous systems for defense, security, and public safety, and will trade on Nasdaq under 'XTND'. This merger creates a significant player in the AI robotics sector.