XTEND Delivers $8.8M U.S. Govt Contract; JFB Deal Advances (NASDAQ: JFB)
Rhea-AI Filing Summary
JFB Construction Holdings announces XTEND completed an $8.8 million U.S. Government contract and delivered prototype systems, training, and ground control equipment as part of a combat-relevant operational milestone on March 23, 2026. The milestone included New Equipment Training with up to 30 operators, live-flight exercises, mission planning, and operator-in-the-loop execution, and the companies state the work demonstrates XTEND’s readiness for scaled operational deployment. The communication also reiterates a pending all-stock business combination between JFB and XTEND announced on February 17, supported by strategic investors, and states the combined company is expected to be renamed XTEND AI Robotics and listed under the ticker XTND following closing.
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Insights
XTEND completed combat-relevant testing and final delivery under an $8.8M U.S. Government contract.
Operational testing included prototype systems, ground control equipment, mission payloads, and New Equipment Training with up to 30 operators, generating performance data and actionable insights for future development. The filing frames this as validation against government operational requirements.
The disclosed outcomes are product- and program-level milestones; timing and scale of any follow-on procurements or fielding are not specified here, so future award size and production cadence remain to be disclosed in subsequent government or company releases.
The communication reiterates the planned all-stock combination between JFB and XTEND and names strategic investors backing the deal.
The release ties the government contract milestone to transaction rationale, stating post-close branding as XTEND AI Robotics (XTND). It confirms strategic investor participation but does not disclose transaction economics or closing conditions beyond prior announcements.
Key items to watch in filings are the Form S-4 registration statement and any updates on the cash condition, closing timeline, and required approvals.
Filed by JFB Construction Holdings
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12 under
the Securities Exchange Act of 1934
Subject Company: JFB Construction Holdings
Commission File No.: 001-42538
The following communication was first made available on March 23, 2026.
JFB Announces XTEND’s $8.8M U.S. Government Contract Strengthening U.S. AI and Manufacturing Capabilities
March 23, 2026
Completion and Delivery of $8.8 million U.S. Government Contract Demonstrates XTEND’s Systems for Operational Deployment with U.S. Special Operations Forces
TAMPA BAY, Fla., March 23, 2026 (GLOBE NEWSWIRE) — JFB Construction Holdings (Nasdaq: JFB) and XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced that XTEND has successfully completed a critical U.S. Government operational milestone, demonstrating the performance of XTEND’s systems in combat-relevant testing environments and confirming they meet government operational requirements.
XTEND’s achievement was underscored by the final delivery under an $8.8 million contract with the U.S. Government, reflecting XTEND’s readiness to scale its systems for future operational deployment. In addition to the delivery of multiple prototype operational systems, ground control equipment, mission payload modules, XTEND conducted New Equipment Training (NET) with Special Operations Forces operators as part of the final contract milestone. The training included live-flight exercises, mission planning, system deployment and operator-in-the-loop mission execution. Up to 30 operators participated, showcasing how XTEND technology can enable seamless human-machine collaboration.
“We believe the success of modern conflicts hinges on the ability of human operators to work seamlessly with autonomous systems,” said Aviv Shapira, XTEND’s Chief Executive Officer. “This milestone demonstrates our ability to deliver scalable products that can deliver precision mission capabilities at the tactical edge while keeping operators safe and firmly in control. Our goal is to create autonomous systems that extend the reach, effectiveness, and decision advantage of frontline forces.”
During testing, XTEND’s systems performed consistently in government inspections, operational performance validation, and mission-relevant exercises designed to simulate real-world operational scenarios. Operational testing generated performance data and actionable insights that will guide future development and deployment of advanced autonomous tactical systems; and detailed analysis and reporting will support the continued evolution of XTEND’s capabilities.
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As announced on February 17, JFB Construction Holdings (Nasdaq: JFB) and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction. The business combination is further supported by strategic investments from Eric Trump, Unusual Machines, American Ventures, LLC, Protego Ventures, and Aliya Capital. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on a U.S. national securities exchange under the “XTND.”
About JFB Construction Holdings
JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. States. For more information, visit the company’s SEC filings at www.sec.gov.
About XTEND
XTEND is a leader in software systems and artificial intelligence-powered robotics, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND’s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across defense, law enforcement, and private security missions through a platform of robots, drones, and robotic subsystems, XTEND’s open architecture platform facilitates scalability across partners and third-party applications. With over 10,000 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.xtend.me.
Cautionary Note Regarding Forward-Looking Statements
This communication contains, and oral statements made from time to time by our representatives may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements regarding the utility, prospects and future use cases for XTEND’s products, the potential transaction between Xtend Reality Expansion Ltd. (“Xtend”) and JFB Construction Holdings (“JFB”), including statements regarding the expected impacts and benefits of the potential transaction, timing of the transaction closing, and strategic initiatives for Xtend AI Robotics, Inc. (“NewCo”) following the closing. All statements other than statements of historical facts contained in this communication may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “outlook”, “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. Xtend’s and JFB’s management have based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect its business, financial condition and results of operations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the transaction may not be consummated; there may be difficulties with the integration and in realizing the expected benefits of the transaction; Xtend and JFB may need to use resources that are needed in other parts of its business to do so; there may be liabilities that are not known, probable or estimable at this time; the transaction may result in the diversion of management’s time and attention to issues relating to the transaction and integration; expected synergies and operating efficiencies attributable to the transaction may not be achieved within its expected time-frames or at all; there may be significant transaction costs and integration costs in connection with the transaction; the possibility that JFB will not have sufficient cash at close to satisfy the minimum cash condition; unfavorable outcome of legal proceedings that may be instituted against JFB and Xtend following the announcement of the transaction; risks inherent to the business may result in additional strategic and operational risks, which may impact Xtend’s, NewCo’s and JFB’s risk profiles, which each company may not be able to mitigate effectively; JFB’s ability to complete construction projects or other transactions on schedule and budget; changes in weather and occurrence of natural disasters and pandemics; recent imposition of tariffs by governments on construction materials, such as steel, aluminum and lumber; disruptions in supply chains; increase in the cost of labor and construction materials; JFB’s ability to maintain safe work sites; Xtend’s dependence on a limited number of defense and governmental security customers for a substantial portion of its business; significant delays or reductions in appropriations, Xtend’s programs and certain government fundings and programs more broadly, including as a result of a prolonged continuing resolution and/or government shutdown, and/or related to the global security environment or other global events; increased competition within JFB’s and Xtend’s markets and bid protests; changes in procurement and other U.S. and foreign laws, including changes through executive orders, contract terms and practices applicable to our industry, findings by certain applicable governments as to our compliance with such requirements, more aggressive enforcement of such requirements and changes in Xtend’s customers’ business practices globally; the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which Xtend participates, including the impact on Xtend’s reputation and its ability to do business; cyber and other security threats or disruptions faced by Xtend and JFB, its customers or its suppliers and other partners, and changes in related regulations; and Xtend’s ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies to meet the needs of Xtend’s customers. In addition, a number of important factors could cause JFB’s, Xtend’s or NewCo’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors that will be discussed in the section entitled “Risk Factors” in the registration statement on Form S-4 to be filed by JFB and NewCo, as any such factors may be updated from time to time in other filings with the Securities and Exchange Commission (the “SEC”), including without limitation Xtend’s investor relations site at https://www.xtend.me/newsroom and JFB’s investor relations site at https://investors.jfbconstruction.net/. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, neither Xtend nor JFB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Important Information for Investors and Stockholders
This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. In connection with the transaction, NewCo and JFB will file a registration statement on Form S-4, which will include an information statement of JFB and a preliminary prospectus of NewCo. After the registration statement is declared effective, JFB will mail to its stockholders a definitive information statement that will form part of the registration statement. This communication is not a substitute for the information statement/prospectus or registration statement or for any other document that JFB may file with the SEC and send to its stockholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF XTEND AND JFB ARE URGED TO READ THE INFORMATION STATEMENT/PROSPECTUS OR REGISTRATION STATEMENT AND ANY OTHER DOCUMENT THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the information statement/prospectus (when available) and other documents filed with the SEC by JFB through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by JFB will be available free of charge on JFB’s website at https://investors.jfbconstruction.net/.
XTEND Contact:
Headline Media
Sarah Small
929 255 1449
sarah@headline.media
XTEND Investor Relations Contact:
MZ North America
Shannon Devine
XTEND@mzgroup.us
203-741-8811