JFB Construction Holdings has agreed to a merger deal with XTEND Reality Expansion Ltd. under which a new Delaware holding company, Xtend AI Robotics, Inc., will acquire both businesses through back-to-back mergers. At closing, Xtend will become a wholly owned subsidiary of the new parent, and JFB will become a wholly owned subsidiary immediately afterward, with the combined company seeking a Nasdaq listing under the ticker “XTND.” Xtend shareholders are expected to own at least 70.5% of the new parent on a fully diluted basis, while JFB stockholders are expected to own about 19.9%, with roughly 9.6% reserved for equity incentive plans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JFB Construction Holdings published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-007359), on February 18, 2026, and is solely responsible for the information contained therein.