# XCF Global, Inc. (SAFX) — spac/extension [announced]
Source: SEC API (secapi.ai) · situation sit_62d573f7e536c1939976 · retrieved 2026-08-11T16:11:04.208Z

## Overview
XCF Global, Inc. is an industrial organic chemicals company incorporated in Delaware and trading on Nasdaq under ticker SAFX.

XCF Global, Inc. filed a preliminary proxy statement on July 27, 2026 for a special meeting of stockholders to vote on a business combination agreement dated April 13, 2026 with DevvStream Corp. (Alberta), Southern Energy Renewables Inc. (Louisiana), and their respective merger subsidiaries. The transaction contemplates the issuance of 19.99% or more of XCF Global's Class A common stock as consideration. XCF Global is also seeking stockholder approval to increase authorized shares from 500,000,000 to 1,700,000,000 and to increase the equity incentive plan reserve from 14,557,181 to 80,000,000 shares. The record date for the special meeting is July 29, 2026.

## Terms
- Counterparty: DevvStream Corp.; Southern Energy Renewables Inc. · Deal value: $750,000 · Consideration: stock · Stake: 19.99%

## Key dates
- Announced 2026-07-08 · Record 2026-07-29 · Expiry 2026-08-30 · Expected close 2026-07-01

## Timeline
- 2026-07-08 · 8-K (0001493152-26-032547): 8-K - XCF Global, Inc. — *XCF Global, Inc. is an industrial organic chemicals company engaged in sustainable fuel and renewable energy production, including sustainable aviation fuel, renewable diesel, and environmental attributes monetization.* On July 1, 2026, XCF Global, Inc. entered into a Senior Secured 25% Original Issue Discount Promissory Note and Security Agreement with Brown Stone Capital Limited for a $1,000,000 senior secured loan with a 25% original issue discount, resulting in a net purchase price of $750,000. The note bears interest at 10% per annum, payable monthly, with a non-amortizing two-month term and is due in full 60 days after funding. The company must make mandatory prepayments from the first and any subsequent revenue collections and from proceeds of asset sales outside the ordinary course of business. As consideration, XCF Global agreed to issue 500,000 shares of Class A Common Stock as a non-refundable commitment fee, to be registered on the company's next S-1 or S-3 registration statement. The loan is secured by a first-priority security interest in all inventories, accounts, environmental attributes, deposit and securities accounts, equipment, and proceeds, and the company must reserve 5,000,000 shares as penalty-of-default shares to be issued immediately upon any event of default.
  https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-032547.txt
- 2026-07-27 · 8-K (0001213900-26-081568): 8-K - XCF Global, Inc. — *XCF Global, Inc. is an industrial organic chemicals company incorporated in Delaware and trading on Nasdaq under ticker SAFX.* XCF Global, Inc. filed a preliminary proxy statement on July 27, 2026 for a special meeting of stockholders to vote on a business combination agreement dated April 13, 2026 with DevvStream Corp. (Alberta), Southern Energy Renewables Inc. (Louisiana), and their respective merger subsidiaries. The transaction contemplates the issuance of 19.99% or more of XCF Global's Class A common stock as consideration. XCF Global is also seeking stockholder approval to increase authorized shares from 500,000,000 to 1,700,000,000 and to increase the equity incentive plan reserve from 14,557,181 to 80,000,000 shares. The record date for the special meeting is July 29, 2026.
  https://www.sec.gov/Archives/edgar/data/2019793/0001213900-26-081568.txt

## Citations
- 0001493152-26-032547 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226032547
- 0001213900-26-081568 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026081568