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AI drone startup XTEND to enter Nasdaq at $1.5 billion valuation in merger backed by Eric Trump

Photo: Chris Winter, XTENDThe Israeli drone operating system company secures $152 million in investment. Israeli drone operating system company XTEND is set to enter Nasdaq at a valuation of $1.5 billion through a merger with New York-listed JFB. Rather than conducting a traditional IPO, XTEND will combine with JFB in an all-stock transaction.The merger includes a $152 million strategic investment from investors including Eric Trump, son of U.S. President Donald Trump, Protego Ventures, which le...

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