JFB Construction Holdings and XTEND have advanced their proposed business combination by filing an amended registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC). The companies anticipate the transaction will close in the third quarter of 2026, subject to the satisfaction of customary closing conditions and SEC approval. This filing marks a significant step in the regulatory review process, moving the firms closer to finalizing the merger.

The amended Form S-4, while not yet declared effective, is a critical component of the SEC's review procedure. Once the statement is declared effective, the final information statement and prospectus will be distributed to JFB stockholders ahead of the closing. The combined company is slated to be renamed XTEND AI Robotics and is expected to list on the New York Stock Exchange under the ticker symbol 'XTND'.

JFB Construction Holdings, a real estate development and construction company listed on NASDAQ under the symbol 'JFB', is partnering with XTEND, a provider of software systems and artificial intelligence-powered robotics. The business combination aims to leverage the strengths of both entities in their respective sectors.

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The completion of the merger remains contingent upon the SEC declaring the registration statement effective and the fulfillment of other standard closing conditions. Both companies continue to progress toward the anticipated closing timeline.

JFB Construction Holdings (Nasdaq: JFB) announced that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured a U.S. patent protecting technology that enables unmanned aerial vehicles (UAVs) to maintain precise, reliable control when communications are degraded and latency impacts operator demand. U.S. Patent No. 12,461,522 covers remote, accurate maneuvering of an unmanned aerial vehicle under communication latency, addressing one of the most fundamental challenges in autonomous and remotely operated systems.

The patent safeguards XTEND's innovation in ensuring UAV stability and control under adverse conditions, addressing critical challenges in autonomous and remotely operated systems. Disrupted communications and signal delay are increasingly the norm in modern contested environments, making the ability to sustain reliable UAV control under those conditions operationally critical. XTEND's patented technology allows operators to deploy autonomous systems that hold course and stay on target despite adverse conditions.

"Reliable autonomy has to hold up in every operational scenario, especially when communications are degraded and the environment becomes unpredictable," said Aviv Shapira, Co-Founder and CEO of XTEND. "Owning this intellectual property protects the capabilities that set our systems apart and makes them difficult for others to replicate. Now, as we scale across global defense and security markets, the technology behind that critical differentiation stays defensibly ours."

This patent complements XTEND's broader software and autonomy strategy. The company's XOS operating system enables operators to manage, supervise, and deploy autonomous robotic systems across air, ground, and maritime domains. By combining artificial intelligence, autonomy, and human decision-making, XOS allows operators to extend operational reach while maintaining meaningful oversight and control across autonomous assets operating in complex environments.

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