# XCF Global, Inc. (SAFX) — capital_raise/pipe [pending]
Source: sec.gov · situation sit_cecd7eabbbb517433f5f · public 3001147520036261227 · retrieved 2026-09-02T23:47:05.281Z

## Overview
XCF Global, Inc. is an industrial organic chemicals company engaged in the development and operation of industrial applications and services.

XCF Global filed updated pro forma financial information for a proposed business combination initially disclosed on April 14, 2026. The transaction involves XCF Global acquiring Southern Energy and DevvStream. Upon completion, XCF Global stockholders will retain 66.67% ownership, Southern Energy stockholders will receive approximately 23.33% of outstanding shares, and DevvStream stockholders will receive approximately 10.00% of outstanding shares. Southern Energy will be accounted for as an asset acquisition with no goodwill, while DevvStream will be accounted for as a business combination. The pro forma financial statements are presented as if the transaction occurred on June 30, 2026 for the balance sheet and January 1, 2025 for the statements of operations.

## Terms
- Counterparty: Southern Energy Inc.; DevvStream Corp. · Consideration: stock · Stake: 66.67%

## Key dates
- Announced 2026-07-22

## Timeline
- 2026-07-22 · 8-K (0001493152-26-034267): 8-K - XCF Global, Inc. — *Though we are focused on promoting and accelerating the decarbonization of the aviation industry through SAF, we may, opportunistically, produce other renewable products such as renewable diesel, a renewable fuel, and bio-based glycerol, also known as natural glycerin, which is used in healthcare, food, and cosmetics industries.*
  https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-034267.txt
- 2026-09-01 · 8-K (0001493152-26-041052): 8-K - XCF Global, Inc. — *XCF Global, Inc. is an industrial organic chemicals company engaged in the development and operation of industrial applications and services.* XCF Global filed updated pro forma financial information for a proposed business combination initially disclosed on April 14, 2026. The transaction involves XCF Global acquiring Southern Energy and DevvStream. Upon completion, XCF Global stockholders will retain 66.67% ownership, Southern Energy stockholders will receive approximately 23.33% of outstanding shares, and DevvStream stockholders will receive approximately 10.00% of outstanding shares. Southern Energy will be accounted for as an asset acquisition with no goodwill, while DevvStream will be accounted for as a business combination. The pro forma financial statements are presented as if the transaction occurred on June 30, 2026 for the balance sheet and January 1, 2025 for the statements of operations.
  https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-041052.txt

## Citations
- 0001493152-26-034267 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034267
- 0001493152-26-041052 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226041052