XCF Global Capital Inc Class A

XCF Global has amended the merger agreement with DevvStream and Southern Energy: Southern Energy shareholders will receive about 20% after the merger instead of 23.3%, DevvStream shareholders will increase their stake to roughly 10.43%, and existing XCF shareholders will now hold about 69.57%. Several closing conditions were removed, including a minimum capitalization for Southern Energy, the requirement to engage an investment bank, revenue and EBITDA thresholds, the need for a listing on Nasdaq Stockholm, and HSR clearance. The amendment is tied to a $1 million investment by GL PART SPV I via warrants (exercise price $2.50); EEME Energy SPV I and GL PART also have commitments for near-term and potential additional financing of at least $4.37 million and up to $50 million, respectively, within twelve months. The extraordinary general meeting was postponed to September 24, 2026; additionally, XCF Global has started production of renewable diesel at the New Rise Renewables Reno facility and received a buy recommendation from H.C. Wainwright with a $1.00 target price. » Więcej na de.investing.com

XCF Global produced 886,400 gallons of renewable diesel at its New Rise Renewables facility in Reno and has been delivering about 55,000 gallons per day to customers since early August. The company sold 550,000 D4‑RINs at $2.27 per RIN (about $1.25 million) and says it has generated more than 1.5 million D4‑RINs to date. The plant has an approved annual capacity of up to 38 million gallons (approx. 90,000 gallons/day), and XCF plans to begin producing a synthetic blending component for sustainable aviation fuel in Q4 2026. However, there are ongoing disputes over the plant's lease agreement and conflicts with the senior lender over outstanding loans. » Więcej na de.investing.com

XCF Global has been delivering about 55,000 gallons of renewable diesel per day from its New Rise Renewables facility in Reno since operations resumed, marking the transition to commercial operation. The current volume is considered baseline utilization; the plant has an approved nameplate capacity of 38 million gallons per year. XCF Global is negotiating additional offtake agreements and sees expansion opportunities in Nevada, North Carolina and Florida, contingent on feasibility studies, financing, permits and market conditions. » Więcej na de.investing.com