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Story summary
- Eric Trump commits a $152 million investment as part of a $1.5 billion merger between Israeli drone maker XTEND and Florida's JFB Construction Holdings to take XTEND public on Nasdaq as XTND.
- Protego Ventures and Unusual Machines are among other investors in the deal.
- The transaction is expected to close in mid-2026, expanding domestic production at XTEND's Tampa facility and accelerating deliveries to U.S. and NATO customers.
