XCF Global, Inc.

XCF Global, Inc. announced that its stockholders approved several key proposals at a special meeting held on October 5, 2026. The most significant approvals include increasing the authorized Class A Common Stock from 500,000,000 to 1,700,000,000 and the potential issuance of shares related to a business combination agreement with DevvStream and Southern Energy. Additionally, seven directors were elected to the board, and the shares reserved for the 2025 Equity Incentive Plan were increased. The meeting achieved quorum with approximately 70.4% of outstanding shares represented.

XCF Global, Inc. announced initial sales of renewable diesel from its New Rise Renewables Reno facility to Tartan Oil LLC, a subsidiary of Pilot Travel Centers LLC. These sales are estimated to generate $12.86 million to $13.86 million in monthly revenue, marking a significant step in XCF Global's transition to commercial operations. The company's Reno facility, which began production in July 2026, has a permitted nameplate capacity of 38 million gallons per year and aims to expand access to lower-carbon fuel options for commercial fleets.

XCF Global, Inc. filed a preliminary proxy statement for a special meeting of stockholders to vote on proposals related to a business combination agreement with DevvStream Corp. and Southern Energy Renewables Inc. Key proposals include increasing the authorized Class A common stock from 500 million to 1.7 billion shares and approving the issuance of 19.99% or more of common stock as consideration for the combination. Stockholders will also vote on electing seven directors for the post-closing company and increasing shares reserved for the 2025 Equity Incentive Plan.

XCF Global, Inc. secured a $400,000 senior loan with a 25% original issue discount, resulting in $300,000 in proceeds, bearing 10% interest and due in 60 days. The company also entered into a warrant purchase agreement to sell an Initial Warrant for $1,000,000, allowing the investor to purchase up to 6,891,798 shares at $2.50 per share. The agreement includes the potential for the investor to purchase an additional $99.0 million in warrants, with significant share issuance as fees and potential future dilution.

XCF Global, Inc. entered into a Senior Secured 25% Original Issue Discount Promissory Note and Security Agreement with Brown Stone Capital Limited. The company secured a $1,000,000 loan for a purchase price of $750,000, bearing 10% annual interest over a two-month term. The agreement includes a commitment fee of 500,000 shares and grants a first-priority security interest in company assets, with 5,000,000 shares reserved as penalty shares in case of default.

XCF Global, Inc. announced the termination of its Purchase Agreement with Helena Global Investment Opportunities I LTD. on June 15, 2026. This agreement, established on May 30, 2025, had allowed the company to issue and sell up to $50,000,000 of its common stock to Helena. The termination means that approximately 55,000,000 shares previously reserved for issuance are no longer reserved, reducing potential dilution and market overhang for existing shareholders. The company also stated it retains flexibility to pursue other financing alternatives.

XCF Global, Inc. entered into securities purchase agreements with accredited investors to issue an aggregate of 4,000,000 shares of its Class A common stock at $0.15 per share, raising approximately $600,000 in gross proceeds. H.C. Wainwright & Co. and Roth Capital Partners served as co-placement agents, receiving a 7% cash fee (or 233,333 shares) and warrants to purchase 3% of the shares sold. An existing stockholder directly purchased 666,666 shares for $100,000.

XCF Global, Inc. announced it has secured an additional $4,000,002 in equity capital through private placement agreements with Brown Stone Capital Ltd. and EEME Energy SPV I, LLC. The company issued 26,666,680 shares of its Class A common stock at $0.15 per share, with the proceeds intended to support strategic priorities and facility upgrades. Concurrently, XCF Global reported that its New Rise Renewables Reno facility has completed key upgrade work and is in the final phase of conversion, with production expected to resume in early June.

XCF Global, Inc. reported a net loss of $17.8 million for Q1 2026, significantly wider than the $7.5 million loss in Q1 2025, alongside a gross loss of $312,250 on revenue of $348,688. The company disclosed substantial doubt about its ability to continue as a going concern due to recurring operating losses and negative cash flows. Additionally, XCF Global entered into a binding term sheet for a proposed business combination with Southern Energy Renewables and DevvStream Corp., and raised $6.9 million from EEME Energy SPV I LLC to support this transaction and facility build-out.

XCF Global, Inc. announced an agreement to settle approximately $16.7 million in outstanding accounts payable due to Encore DEC, LLC by issuing 37,033,386 shares of its Class A Common Stock. This transaction, based on a conversion price of $0.451 per share, aims to strengthen XCF's balance sheet, enhance financial flexibility, and eliminate property liens related to construction activities at its New Rise Renewables Reno facility. Encore DEC is owned by Randy Soule, a major shareholder, whose beneficial ownership will increase to about 30.56% after the conversion.