📄 What This Document Is 📰

This document is a Form 425 filing, which essentially functions as a public press release. It was issued on April 9, 2026, and serves to announce major corporate news to investors and the public. 👉 The main purpose is to confirm a significant contract win for one of the merging entities (XTEND) and, most importantly, to announce the definitive agreement for JFB Construction Holdings and XTEND to combine into a single new company.

🌐 What the Companies Are 🏗️

To understand the news, you need to know what the companies involved do. They are fundamentally different, which is why the merger is such a big deal.

• JFB Construction Holdings: JFB started as a traditional general contracting and real estate development company, having provided services in 36 U.S. states. Think of them as the classic builders of the physical world.
• XTEND: XTEND operates in a completely different, highly advanced sector: software systems and artificial intelligence-powered robotics. They build solutions for highly complex, dangerous environments, serving defense, law enforcement, and private security.

👉 The merger combines the financial stability and operational reach of a large construction company (JFB) with the cutting-edge, high-growth technology and contracts of a specialized AI firm (XTEND).

🚀 The Merger Announcement and New Identity 🤖

The biggest piece of news is that JFB Construction Holdings and XTEND are combining forces. This is a massive strategic move that transforms the entire business profile.

• The Agreement: The combination was announced on February 17, 2026, and is taking place via an all-stock transaction. This means that instead of swapping cash, shareholders will receive shares in the new combined company.
• The New Company: The joint entity is expected to be renamed XTEND AI Robotics.
• The Listing: The new company will be listed on a U.S. national securities exchange under the ticker “XTND.”
• Support: The transaction is supported by strategic investments from several major players, including Eric Trump, Unusual Machines, American Ventures, LLC, Protego Ventures, and Aliya Capital.

👉 This rebranding and new listing structure signal that the core, future value of the combined company is rooted in XTEND’s advanced technology, not JFB’s traditional construction portfolio.

🛡️ Major Contract Win with Israeli Ministry of Defense 🎖️

The immediate trigger for the announcement was XTEND securing a significant new contract with the Israeli Ministry of Defense (IMOD).

• The Contract: XTEND was awarded a contract with the IMOD to supply drone systems and services.
• The Value: The total contract value is approximately $1.67 million (or NIS 5 million).
• Timeline: Delivery for this contract is expected sometime during 2026.

👉 This contract is a major validation of XTEND’s technology, proving its capability to handle sensitive, complex, and operational defense applications.

⚙️ XTEND’s Proprietary Technology and Scale 🛰️

XTEND's success isn't built on standard hardware; it's built on its unique, proprietary software, which is the heart of the company.

• Core Technology: XTEND’s systems are powered by its proprietary XOS operating system. This software enables “human-guided autonomy,” meaning the AI helps humans perform missions without needing constant physical oversight.
• Functionality: The systems are specifically designed for extended ranges and complex environments—situations where the machine can operate beyond immediate line-of-sight, which is crucial in high-threat areas.
• Global Footprint: XTEND has a massive operational record, citing:
  • Over 10,000 systems deployed across more than 30 countries.
  • Solutions validated and operationally deployed in five combat zones.
• Manufacturing: XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities in the U.S., the U.K., Singapore, Israel, and Latvia.

👉 This level of deployment and the use of a proprietary, adaptable operating system are key competitive advantages that translate into recurring revenue streams.

💬 Strategic Vision and Management Commentary 🎤

The leadership provided strong commentary, reinforcing the direction of the newly formed entity.

• CEO’s Perspective: Aviv Shapira, Co-founder and CEO of XTEND, noted that "This agreement reflects the evolving needs of modern defense forces for systems that can be quickly deployed and used in operational environments.”
• Market Breadth: Shapira also pointed out XTEND’s global reach, stating, "XTEND is currently engaged with multiple defense customers across 30 countries, with additional contracts anticipated in 2026 , including larger-scale programs.”
• Operational Focus: The company emphasizes that its solutions reinforce its positioning as a provider of "software-defined autonomy solutions."

👉 The repeated emphasis on "evolving needs" and "additional contracts anticipated in 2026" suggests that management expects continued high demand and growth in the autonomous systems sector.

📈 XTEND’s Market Reach and Industry Vertical 🌎

XTEND does not limit its services to a single government client; its platform is designed to be adaptable across multiple major sectors.

• Core Verticals: The systems are designed to operate across three main mission areas:
  1. Defense (national defense, special-mission units)
  2. Law Enforcement
  3. Private Security
• Platform Design: XTEND utilizes an open architecture platform, which makes it scalable for various partners and third-party applications to connect to their core robotic hardware and drones.

👉 This diverse set of customers (government, law enforcement, and private security) significantly diversifies XTEND’s risk profile and stabilizes potential revenue sources.

☎️ Important Contact Information ✉️

Since this is a major corporate announcement, the filing provides multiple sets of contacts for investors, media, and general inquiries, indicating transparency and multiple stakeholders.

• JFB Investor Relations: Mike Mason (CORE IR), 516 222 2560, [email protected]
• XTEND Media: Sarah Small, 929 255 1449, [email protected]
• XTEND Investor Relations: Shannon Devine (MZ North America), 203-741-8811, [email protected]

👉 Keep these details handy; they are the official channels for future updates, investor calls, and media inquiries about the combined company.

🧠 The Analogy 🚀

Think of this merger like combining a massive construction firm (JFB) that has perfect blueprints for building skyscrapers with a small, brilliant robotics lab (XTEND). The construction firm has the global relationships and the ability to manage massive projects, but the tech lab has the most cutting-edge, revolutionary tool: the autonomous AI system. By merging, they don't just build buildings; they build intelligent structures, like self-monitoring, automated research facilities, which is a massive upgrade in capability and value.

🧩 Final Takeaway ✨

JFB is merging with XTEND to become XTEND AI Robotics, transforming from a pure construction firm into a high-tech, global leader in autonomous AI solutions. The company is immediately validating this new direction with a $1.67 million contract win, confirming that its core value is in its sophisticated software and deployed technology, not its physical construction assets.