STOCK TITAN

XTEND secures $1.67M IMOD contract; JFB deal moves toward XTND listing (JFB)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

JFB Construction Holdings announces that XTEND secured a contract with the Israeli Ministry of Defense to supply drone systems and services with a total contract value of $1.67 million (NIS 5 million). Delivery is expected during 2026. The notice reiterates the pending all-stock business combination to form XTEND AI Robotics and planned listing under the name XTND.

The release highlights XTEND’s proprietary XOS operating system, its deployment footprint of over 10,000 systems in over 30 countries, and prior operational validation in five combat zones; additional program details remain undisclosed.

Positive

  • None.

Negative

  • None.

Insights

Contract is modest but confirms international defense demand for deployable autonomy.

The IMOD award of $1.67 million is a small-scale contract but serves as a reference customer in a competitive defense market. The release emphasizes operational deployment across 30 countries and validation in five combat zones, which supports XTEND’s positioning for further procurement opportunities.

Risks include limited disclosed scope and timing: delivery is expected in 2026, and additional technical details are withheld. Future contract scale and recurring revenue depend on follow-on orders and disclosed program specifics.

The publication reinforces deal narrative ahead of the proposed XTEND–JFB combination.

The communication restates the definitive all-stock combination and strategic investors, and signals an operational contract that can be cited in proxy/registering materials. It bolsters deal rationale by showing commercial traction, though the contract size is modest relative to a transformative acquisition.

Key dependencies include successful closing of the transaction and any disclosures in the Form S-4; timing and materiality for JFB shareholders will be driven by aggregated post-close contract pipeline and regulatory filings.

Contract value <money>$1.67 million</money> (NIS 5 million) IMOD supply of drone systems and services
Delivery timing Delivery expected in <date>2026</date> IMOD contract timeline
Systems deployed 10,000 systems XTEND deployments across customers
Countries served 30 countries Geographic footprint for XTEND solutions
Combat validations 5 combat zones Operational validation cited by XTEND
Planned public listing name XTND Expected listing name for the joint company
XOS technical
"Powered by its proprietary XOS operating system"
NDAA-compliant regulatory
"XTEND delivers NDAA-compliant solutions through a global network"
NDAA-compliant means that a product, supplier, or company meets the rules in the U.S. National Defense Authorization Act that bar certain foreign technologies and require specific security practices. For investors, compliance matters because it determines whether a business can sell to the U.S. government, avoid fines or bans, and reduce supply‑chain or reputational risk—similar to passing a background check that lets you bid on a sensitive contract.
all-stock transaction financial
"entered into a definitive agreement to combine with XTEND in an all-stock transaction"
An all-stock transaction is a deal where one company acquires another using only its own shares instead of cash or other assets. For investors, this means exchanging ownership stakes rather than cash, which can affect the value and control of the companies involved. It often signals a focus on growth and can influence the stock prices of both companies.
Form S-4 regulatory
"will file a registration statement on Form S-4"
A Form S-4 is a legal document that companies file with the government to announce and explain a major business move, such as a merger or acquisition. It provides detailed information to help investors understand how the deal might affect the company's value and future prospects, similar to a detailed blueprint that clarifies the impact of a significant change.

 

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 April 9, 2026.

 

JFB Announces XTEND Wins Israeli Ministry of Defense Contract to Deploy Operational Drone Systems

 

$1.67M Contract Expands XTEND’s Footprint with Israeli Ministry of Defense, Reflecting Growing Demand for Deployable Autonomous Systems in Operational Environments

 

TAMPA, Fla., April 9, 2026 — JFB Construction Holdings (Nasdaq: JFB) announces that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured a contract with the Israeli Ministry of Defense (IMOD) to supply drone systems and services, with a total contract value of approximately $1.67 million (NIS 5 million). Delivery is expected during 2026.

 

“This agreement reflects the evolving needs of modern defense forces for systems that can be quickly deployed and used in operational environments,” said Aviv Shapira, Co-founder and CEO of XTEND. “XTEND is currently engaged with multiple defense customers across 30 countries, with additional contracts anticipated in 2026 , including larger-scale programs.”

 

XTEND’s systems are powered by its proprietary XOS operating system, enabling human-guided autonomy and real-time mission execution across defense applications. XTEND’s systems are designed to enable operations at extended ranges beyond immediate line-of-sight in complex and contested environments where access is limited.

 

The contract builds on XTEND’s track record of supporting defense customers with operationally deployed systems and reinforces its positioning as a provider of software-defined autonomy solutions. Due to the nature of the program, additional operational and technical details remain undisclosed.

 

As announced on February 17, 2026, 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 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.

 

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.

 

 

 

 

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 expected size of the U.S. defense budgets for tactical strike and defense programs, the impact of Xtend receiving U.S. Army Fuze Safety Board for its high-voltage safety and arming system for FPV attack drones, 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/.

 

JFB Construction Holdings Contact:

 

CORE IR

Mike Mason

516 222 2560

investors@jfbconstruction.net

 

XTEND Contact:

 

Headline Media

Sarah Small

929 255 1449

sarah@headline.media

 

XTEND Investor Relations:

 

MZ North America

Shannon Devine

XTEND@mzgroup.us

203-741-8811

 

 

 

FAQ

What did JFB (JFB) announce about XTEND's Israeli Ministry of Defense contract?

JFB announced XTEND won an IMOD contract valued at $1.67 million, equivalent to NIS 5 million. The company stated delivery is expected during 2026 and additional operational details remain undisclosed.

How does this IMOD award affect the proposed XTEND–JFB business combination (JFB)?

The release reiterates the definitive all-stock combination and strategic backers, citing the IMOD contract as commercial traction. The announcement does not change deal terms; regulatory filings including a Form S-4 will contain material transaction details.

What operational footprint does XTEND claim in the announcement (JFB)?

XTEND states it has deployed over 10,000 systems across more than 30 countries and reports validation in five combat zones, highlighting prior operational deployments for defense and security customers.

When will the IMOD systems be delivered under the contract announced by JFB (JFB)?

Delivery under the IMOD contract is expected during 2026. The communication provides no further schedule milestones or phased delivery details beyond that year.

Will JFB shareholders receive more information about the transaction and XTEND's contracts?

Yes. JFB and NewCo will file a registration statement on Form S-4 that includes an information statement and prospectus. Those filings and subsequent documents will include further risk factors and transaction details.