XCF Global Announces Transformative Alternative Energy Merger Plan

XCF Global Inc Class A ( (SAFX) ) has issued an announcement.

On April 13, 2026, XCF Global Inc., DevvStream Corp., and Southern Energy Renewables Inc. entered into a definitive business combination agreement to create a multi‑asset, globally scalable alternative energy platform. The structure calls for DevvStream to domesticate to Delaware, after which XCF will acquire 100% of DevvStream and Southern via mergers, leaving both as wholly owned subsidiaries, with post‑closing ownership expected at roughly 66.7% for XCF shareholders, 23.3% for Southern shareholders, and 10.0% for DevvStream shareholders.

The combined company is designed to integrate sustainable aviation fuel, green methanol, other renewable products, methanol‑to‑jet pathways, and environmental asset monetization, alongside advanced energy systems such as small modular nuclear reactors and infrastructure development. For airlines and corporate buyers, the platform aims to link large‑scale low‑carbon fuel production with carbon credits and long‑term offtake agreements, helping customers meet decarbonization and compliance goals while competing with China and other global suppliers without relying on subsidies.

To support the combination, XCF has been investing about $10 million into converting its New Rise Reno facility for SAF production and blending, while Southern plans to seek up to $400 million in bond financing for infrastructure expansion. Closing of the transaction is conditioned on achieving key milestones, including completion of plant conversion, securing financing, meeting specified shareholder and regulatory approvals, and the combined platform reaching over $1 billion in annualized fuel‑related revenue and at least $100 million in annualized EBITDA.

The deal includes customary covenants, closing conditions, and termination mechanisms, as well as support and lock‑up agreements that effectively secure shareholder approval from key holders at XCF, DevvStream, and Southern. If completed, the merger would position the group as a next‑generation energy transition player, aiming to accelerate deployment of renewable and distributed energy infrastructure and scale environmental asset monetization across global fuel, infrastructure, and environmental markets.

The most recent analyst rating on (SAFX) stock is a Hold with a $1.20 price target. To see the full list of analyst forecasts on XCF Global Inc Class A stock, see the SAFX Stock Forecast page.

More about XCF Global Inc Class A

XCF Global Inc. is an emerging sustainable aviation fuel producer focused on decarbonizing the aviation industry through SAF and related low‑carbon fuels. Its flagship New Rise Reno facility in Nevada has a permitted nameplate capacity of 38 million gallons per year, and the company is pursuing additional SAF expansion opportunities in Nevada, North Carolina, and Florida while leveraging public capital markets via its Nasdaq listing.

DevvStream Corp. operates in the carbon management and environmental-asset monetization sector, developing and selling instruments such as carbon credits and renewable energy certificates worldwide. Southern Energy Renewables is a U.S.-based developer of clean fuels, chemicals, and products, concentrating on large-scale biomass-to-fuels projects that aim to deliver carbon‑negative SAF and green methanol supported by carbon capture and sequestration.

Together, these three businesses span low‑carbon fuel production, environmental attribute monetization, and advanced clean infrastructure, positioning the proposed combined group as a vertically integrated energy transition platform. Their shared market focus is to supply scalable, non‑fossil fuel solutions and high‑integrity environmental attributes to airlines and corporate customers seeking to meet regulatory and sustainability targets across global markets.

Average Trading Volume: 26,734,324

Technical Sentiment Signal: Sell

Current Market Cap: $224.5M

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