The all-stock deal, expected to close mid-2026, will create a Nasdaq-listed defense robotics company trading under the ticker XTND. Israeli defense technology company XTEND and JFB Construction Holdings (Nasdaq: JFB) announced a $1.5 billion all-stock merger July 27, 2026. The transaction will create XTEND AI Robotics, a publicly traded company. The new entity will focus on … [Read more...] about XTEND and JFB Announce $1.5 Billion Merger to Form XTEND AI Robotics
reverse merger
Matternet Drone Delivery Raises $33M and Goes Public in Reverse Merger
The FAA Type-Certified operator becomes the first publicly reporting pure-play drone delivery company as it scales healthcare, retail, and restaurant operations. Matternet has raised approximately $33 million in an oversubscribed private placement and completed a go-public reverse merger with Los Altos Ventures Corp., now renamed Matternet, Inc. The Mountain View company is … [Read more...] about Matternet Drone Delivery Raises $33M and Goes Public in Reverse Merger
Eric Trump Invests in XTEND as Israeli Drone Firm Announces Plan to Go Public via Nasdaq Merger
AI-powered robotics company targets $1.5B valuation in U.S. listing Israeli drone and robotics company XTEND has announced plans to go public through a reverse merger with U.S.-listed JFB Construction Holdings, in a transaction that values the combined company at approximately $1.5 billion. The deal includes a strategic investment round backed by several investors, including … [Read more...] about Eric Trump Invests in XTEND as Israeli Drone Firm Announces Plan to Go Public via Nasdaq Merger
