# XCF Global, Inc. (SAFX) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_8889cc29d50776e6c856 · retrieved 2026-08-11T15:59:14.533Z

## Overview
XCF Global, Inc. is an emerging sustainable aviation fuel (SAF) company dedicated to accelerating the aviation industry's transition to net-zero emissions, with its flagship New Rise Renewables Reno facility having a permitted nameplate production capacity of 38 million gallons per year.

XCF Global held a Special Meeting of Shareholders on March 6, 2026, at which shareholders approved the issuance of 19.99% or more of the company's issued and outstanding Common Stock as of January 26, 2026 pursuant to a private placement offering to EEME Energy SPV I LLC. The vote passed with 159,944,874 shares voting in favor, 2,337,496 against, and 54,451 abstaining. Under a binding term sheet dated January 26, 2026, EEME committed to purchase $10 million of XCF Common Stock to fund the conversion and build-out of XCF's New Rise Renewables Reno facility for sustainable aviation fuel (SAF) production. Prior to the shareholder approval, EEME had acquired 38,000,000 shares for $3,800,000; the approval removes the share cap and allows EEME to acquire the remaining 62,000,000 shares for $6,200,000 in two equal tranches during March and late March 2026. The transaction is part of a proposed business combination among XCF, DevvStream Corp., Southern Energy Renewables, Inc., and EEME.

## Terms
- Counterparty: EEME Energy SPV I LLC · Deal value: $10.0M · Consideration: stock · Stake: 19.99%

## Key dates
- Announced 2026-01-26 · Vote 2026-03-06

## Timeline
- 2026-01-26 · 425 (0001493152-26-003544): 425 - XCF Global, Inc. — *XCF Global, Inc. is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions, with its flagship New Rise Reno facility having a permitted nameplate production capacity of 38 million gallons per year.* XCF Global, Inc. (Nasdaq: SAFX), DevvStream Corp. (Nasdaq: DEVS), and Southern Energy Renewables Inc. have agreed to a binding term sheet for a three-party merger. The proposed transaction is intended to create an integrated platform combining XCF's sustainable aviation fuel production, Southern's biomass feedstock capabilities, and DevvStream's environmental-asset monetization expertise. The combined entity aims to develop a low-carbon fuels platform across North America and emerging markets, with potential integration of small modular reactor nuclear power and electro-sustainable aviation fuel. As part of the binding term sheet, an investor has agreed to purchase shares of XCF to fund near-term operations and targeted upgrades at XCF's New Rise Reno refinery. Entry into definitive transaction agreements is subject to review and approval by the Boards of Directors of the respective companies.
  https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-003544.txt
- 2026-03-10 · 425 (0001493152-26-009477): 425 - XCF Global, Inc. — *XCF Global, Inc. is an emerging sustainable aviation fuel (SAF) company dedicated to accelerating the aviation industry's transition to net-zero emissions, with its flagship New Rise Renewables Reno facility having a permitted nameplate production capacity of 38 million gallons per year.* XCF Global held a Special Meeting of Shareholders on March 6, 2026, at which shareholders approved the issuance of 19.99% or more of the company's issued and outstanding Common Stock as of January 26, 2026 pursuant to a private placement offering to EEME Energy SPV I LLC. The vote passed with 159,944,874 shares voting in favor, 2,337,496 against, and 54,451 abstaining. Under a binding term sheet dated January 26, 2026, EEME committed to purchase $10 million of XCF Common Stock to fund the conversion and build-out of XCF's New Rise Renewables Reno facility for sustainable aviation fuel (SAF) production. Prior to the shareholder approval, EEME had acquired 38,000,000 shares for $3,800,000; the approval removes the share cap and allows EEME to acquire the remaining 62,000,000 shares for $6,200,000 in two equal tranches during March and late March 2026. The transaction is part of a proposed business combination among XCF, DevvStream Corp., Southern Energy Renewables, Inc., and EEME.
  https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-009477.txt

## Citations
- 0001493152-26-003544 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226003544
- 0001493152-26-009477 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226009477