Eric Trump backs merger between Israeli drone firm XTEND and Florida construction company

Eric Trump is investing in a $1.5 billion all-stock merger that will take the Israeli drone manufacturer XTEND public through a combination with Florida-based JFB Construction Holdings Class A Common Stock JFB. The deal, announced on February 17, 2026, will result in the formation of a new entity called XTEND AI Robotics, which is expected to list on the Nasdaq under the ticker symbol XTND. The transaction is scheduled to close by mid-2026.

The investment group for this significant sector-level deal includes Eric Trump and Donald Trump Jr., alongside institutional participants such as Unusual Machines, Inc. UMAC, Protego Ventures, American Ventures, and Aliya Capital. This transaction represents a significant cross-border collaboration involving interests in the United States US and Israel IL, as well as stakeholders in Singapore SG, the United Kingdom GB, and Ukraine UA.