Xtend

Protego Ventures closes its inaugural defense-tech fund at $125 million, becoming Israel's largest fund specializing in battle-tested technologies and international scaling.

The robotics company, which started as a gaming company and developed an operating system for drones and robotics in combat environments and dangerous missions, announced that it will begin trading on Friday on the New York Stock Exchange under the ticker XTND. The move is being carried out through a reverse merger in a stock deal at a valuation of $1.5 billion. CEO Aviv Shapira: "Becoming a...