XCF Global signs definitive merger deal with Southern Energy Renewables, DevvStream

• XCF entered a definitive business combination agreement with Southern Energy Renewables and DevvStream to advance a previously announced three-party merger focused on sustainable aviation fuel and other low-carbon products.
• Deal terms call for XCF to acquire 100% of DevvStream and Southern, with both companies surviving as wholly owned subsidiaries.
• Post-closing ownership is expected at 66.7% for existing XCF shareholders, 23.3% for Southern shareholders, 10% for DevvStream shareholders.
• XCF has invested about USD 10 million to build out and convert its New Rise Reno facility to support SAF production and blending capacity.
• Transaction includes targets tied to operational milestones, including annualized fuel-related revenue above USD 1 billion and annualized EBITDA of at least USD 100 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCF Global Inc. published the original content used to generate this news brief on April 14, 2026, and is solely responsible for the information contained therein.