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DevvStream ( (DEVS) ) has provided an announcement.
On April 13, 2026, DevvStream, XCF Global and Southern Energy Renewables signed a definitive Business Combination Agreement setting out a three‑party merger that will see XCF acquire 100% of DevvStream and Southern via merger subsidiaries, with both firms becoming wholly owned units following DevvStream’s domestication to Delaware. A press release announcing the deal was issued on April 14, 2026, and the transaction remains subject to shareholder approvals, regulatory clearances, SEC effectiveness of a Form S‑4 registration, stock‑exchange approvals and multiple financing, plant‑conversion and commercial milestones.
The merger is structured to create a next‑generation energy transition platform integrating SAF, green methanol, other renewable fuels, environmental‑attribute monetization and advanced energy infrastructure, including potential use of small modular reactors to power fuel production and AI data centers. Post‑closing ownership is expected to be about 66.7% for existing XCF shareholders, 23.3% for Southern shareholders and 10.0% for DevvStream holders, with XCF investing around $10 million into its New Rise Reno SAF facility and Southern planning up to $400 million in bond financing, positioning the combined company to scale low‑carbon fuel production, carbon markets capabilities and infrastructure in competition with global producers.
More about DevvStream
DevvStream Corp., listed on Nasdaq, is a carbon management company that develops, invests in and sells environmental assets worldwide, including carbon credits and renewable energy certificates. It focuses on helping corporate and industrial clients monetize environmental attributes as part of broader decarbonization and compliance strategies in global carbon and renewable energy markets.
XCF Global, Inc., also Nasdaq‑listed, is an emerging sustainable aviation fuel producer whose New Rise Reno facility in Nevada has a permitted capacity of 38 million gallons per year, positioning it as an early large‑scale SAF supplier in North America. Southern Energy Renewables Inc. is a U.S. clean fuels and chemicals developer advancing large‑scale biomass‑to‑fuel projects aimed at carbon‑negative SAF and green methanol supported by carbon capture and sequestration.
Average Trading Volume: 993,188
Technical Sentiment Signal: Sell
Current Market Cap: $3.39M
For a thorough assessment of DEVS stock, go to TipRanks’ Stock Analysis page.