Paul Hastings LLP is advising XTEND, a defense technology company that focuses on software and artificial intelligence, in its $1.5 billion agreement to merge with JFB Construction Holdings. JFB is a real estate development and construction firm listed on Nasdaq under the symbol JFB. Following the completion of the transaction, the combined entity will be called XTEND AI Robotics and will trade on Nasdaq as XTND. The deal is expected to close in mid-2026, pending standard closing conditions.
The legal team from Paul Hastings leading this advisory includes partners Gil Savir, Brandon Bortner, Steve Camahort, and of counsel Ryan Brewer. Additional support comes from partners Andrew Davis, Sally Evans, Sarah Gagan, Brad Ritter, Keith Schomig and Dan Stellenberg; of counsel Talya Hutchison and Jennifer D. Riddle; and associates Michelle Sidle, Nat Brown, Katie Katsuki, Shawn Kim, Erica Lee and Colin Wetmore.
According to Paul Hastings: “With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.”
The merger aims to combine expertise in defense technology with real estate development experience. The resulting company plans to leverage artificial intelligence for new applications in robotics.