Aug. 23 at 8:59 PM
$JFB
Claude:
Estimates JFB shareholders will get 19.2% ownership, but only 10.35% voting power in the new company.
Apply that percentage to Xtend's last private funding round February 2026 putting their value at that time at
$1.5B, new contracts have been announced since then, and with drones being a smoking hot sector, I am more optimistic, looking at
$9-
$20 within a year of closing, and perhaps much sooner.
Post merger dips will provide an opportunity for investors with attention spans longer than a housefly, to juice their returns.
Who knows, there's a good chance of even more contracts that first year, government may even take a stake, and buyouts continue in this sector.
Combined XTEND is estimated to have base shares at 245M, fully diluted 285M, once warrant tranches are factored in.
These numbers can change, as the adjustment amount and Capitalization True-Up Amount mechanisms in the merger agreement can shift the count further based on Xtend’s VWAP and any post-signing financing.
