JFB Construction Holdings and XTEND announce $1.5B business combination

JFB Construction Holdings (Nasdaq: JFB) entered into a definitive agreement to combine with XTEND in an all-stock transaction valued at $1.5 billion. The combined company will be renamed XTEND AI Robotics and listed on Nasdaq under ticker 'XTND', with headquarters and a production facility in Tampa, FL.

“Merger to create an autonomous defense and security systems company combining AI-driven robotic operating system with established US operating and infrastructure capabilities.”business.sherbrookerecord.com

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• business.sherbrookerecord.comContact Us - Sherbrooke Record - JFB and XTEND Announce $1.5B Business Combination to Establish a Nasdaq-Listed US Leader in AI-Driven Autonomous Defense RoboticsJFB Construction HoldingsMay 25, 2018

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