XCF Global, Inc. manufactures and sells renewable fuels in the United States. It develops and operates clean fuel production facilities to produce clean-burning and sustainable biofuels, sustainable aviation fuels, and renewable diesel and naphtha products; and sells environmental credits. XCF Global, Inc. was founded in 2016 and is headquartered in Houston, Texas.
XCF Global (Nasdaq:SAFX) Stockholders Approve Proposed Business Combination with DevvStream and Southern Energy Renewables
XCF Global stockholders approved the proposals needed to complete the previously announced business combination with DevvStream and Southern Energy Renewables.
The transaction adds a lower-carbon-intensity alternative fuel production pathway through Southern and in-house environmental attribute monetization through DevvStream; closing remains subject to remaining conditions with no assurance of completion.
XCF also disclosed a $1.0 million investment completed via warrant sales exercisable at $2.50 per share, while its New Rise Reno facility holds a permitted capacity of up to 38 million gallons per year.