BRIEF-JFB And XTEND Announce $1.5 Billion Deal To Establish A Nasdaq-Listed AI-Driven Autonomous Defense Robotics

-3.50%

JFB Construction Holdings Class A

JFB

19.14

-3.50%

Feb 17 (Reuters) - JFB Construction Holdings JFB.O:

JFB AND XTEND ANNOUNCE $1.5B BUSINESS COMBINATION TO ESTABLISH A NASDAQ-LISTED US LEADER IN AI-DRIVEN AUTONOMOUS DEFENSE ROBOTICS
JFB CONSTRUCTION HOLDINGS - FOLLOWING CLOSING OF DEAL, COMPANY TO BE RENAMED XTEND AI ROBOTICS AND BE LISTED ON NASDAQ UNDER TICKER "XTND."
JFB CONSTRUCTION HOLDINGS: STRATEGIC INVESTORS IN MERGER INCLUDE ERIC TRUMP, UNUSUAL MACHINES, AMERICAN VENTURES, LLC, PROTEGO VENTURES AMONG OTHERS
JFB CONSTRUCTION HOLDINGS: JFB SHAREHOLDERS WOULD OWN ABOUT 30.0% OF XTEND AI ROBOTICS' FULLY DILUTED SHARES ON A PRO FORMA BASIS
JFB CONSTRUCTION HOLDINGS - UPON DEAL CLOSE, CURRENT XTEND SHAREHOLDERS WOULD OWN ABOUT 70.0% OF XTEND AI ROBOTICS' FULLY DUILUTED SHARES

Source text: ID:nGNE4HvwTF

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