XTEND-JFB Merger Follows $53.9M PIPE Raise and DoD Drone Program Selection
JFB•XTEND will go public via a merger with JFB Construction Holdings announced February 17, 2026, after raising $53.92 million through PIPE financings in October 2025 and February 2026. It will showcase XTEND’s XOS operating system at Camp Grayling after being selected for the Pentagon’s Phase II Drone Dominance Program qualifier.
1. Merger with XTEND Reality Expansion
A proposed merger announced February 17, 2026 will take XTEND public through JFB Construction Holdings. JFB secured $43.9 million in a PIPE financing on October 2, 2025 and an additional $10 million on February 18, 2026, bringing total capital raised to $53.92 million.
2. DoD Drone Dominance Program Qualifier
XTEND has been invited to the Department of Defense’s Phase II Qualifier for its Drone Dominance Program, a $1 billion initiative targeting procurement of over 200,000 drones by 2027. The company will demonstrate its proprietary XOS operating system this summer at Camp Grayling under a human-guided autonomous framework.
