Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
XCF Global Inc Class A ( (SAFX) ) has issued an update.
On January 26, 2026, XCF Global Inc. signed a binding term sheet with DevvStream Corp., Southern Energy Renewables Inc. and investor EEME Energy SPV I LLC for a proposed three-party merger that would see Southern and DevvStream become wholly owned subsidiaries of XCF, creating an integrated low‑carbon fuels and environmental-asset platform, though the deal remains subject to definitive agreements, regulatory approvals and other closing conditions. As part of the arrangement, EEME agreed to buy up to $10 million of XCF common stock, with an initial $700,000 equity purchase and additional issuances scheduled through March 31, 2026, to fund the conversion and build-out of XCF’s New Rise Reno facility for SAF blending and associated upgrades, a move aimed at bringing the plant into sustained commercial production and strengthening XCF’s North American SAF footprint, while reshaping governance and limiting certain financing and share-issuance activities during the interim period.
More about XCF Global Inc Class A
XCF Global Inc. (Nasdaq: SAFX) is an emerging sustainable aviation fuel (SAF) producer focused on decarbonizing the aviation industry. Its flagship New Rise Reno refinery in Nevada has a permitted nameplate capacity of 38 million gallons of SAF per year, positioning XCF as an early mover among large-scale SAF producers in North America, with additional expansion opportunities under evaluation in Nevada, North Carolina and Florida. DevvStream Corp. (Nasdaq: DEVS) is a carbon management firm specializing in the development, investment and sale of environmental assets such as carbon credits and renewable energy certificates, while Southern Energy Renewables Inc. is a U.S.-based developer of large-scale biomass-to-fuels projects aimed at producing carbon-negative SAF and green methanol supported by integrated carbon capture and sequestration.
Average Trading Volume: 5,167,793
Technical Sentiment Signal: Sell
Current Market Cap: $28.6M
Learn more about SAFX stock on TipRanks’ Stock Analysis page.