XTEND AI Robotics Debuts on NYSE After $1.5 Billion Merger with JFB Construction
The defense robotics firm completes its business combination to scale its Physical AI platform as a U.S.-listed entity.
XTEND Reality Expansion Ltd. and JFB Construction Holdings have completed their business combination, forming XTEND AI Robotics, Inc. The move establishes the company as a U.S.-listed entity to accelerate the scaling of its autonomous defense and security robotics.
The combined company began trading on the New York Stock Exchange (NYSE) under the ticker symbol 'XTND' on September 4, 2026. The transaction, valued at $1.5 billion, raised $110 million in total capital. According to company filings, approximately $67.7 million of that amount was delivered specifically to satisfy minimum closing cash obligations.
Strategic Pivot to Physical AI
Founded in Tel Aviv and now headquartered in Tampa, Florida, XTEND specializes in AI-powered robotics and the XOS software system. Its technology serves defense, homeland security, and commercial security applications. The company maintains a significant global footprint, with over 12,500 systems deployed across more than 30 countries.
To achieve this public listing, XTEND merged with JFB Construction Holdings, a firm previously focused on real estate development and construction across 36 U.S. states. This merger effectively transformed JFB into the corporate vehicle necessary for XTEND to enter the public markets and expand its "Physical AI" platform.
Market Implications
This transition provides XTEND with the capital and public market visibility required to scale operations within the U.S. defense sector. There is growing demand for robotic systems that are NDAA-compliant and manufactured by allied nations, particularly for use in high-threat environments where autonomous systems reduce human risk.
"Completing our merger with JFB is the last step in the process of establishing XTEND AI Robotics as a U.S.-listed company," said Aviv Shapira, Co-Founder and CEO of XTEND AI Robotics. Tal Horesh, the company's Chief Financial Officer, added that the closing of the combination strengthens the firm's balance sheet and completes its transition to a publicly traded entity.
Future Outlook
As a NYSE-listed company, XTEND AI Robotics is positioned to leverage its new financial standing to further integrate AI into physical hardware. Investors and industry analysts will monitor how the company utilizes its raised capital to expand the deployment of XOS-powered systems and whether it can maintain its growth trajectory in the competitive landscape of autonomous defense technology. The shift from a private entity to a public one allows for greater transparency and access to institutional capital, which is critical for the capital-intensive nature of robotics manufacturing and software iteration.