SAFX Shareholders Approve Increase in Authorized Class A Shares to 1.7 Billion

XCF Global, Inc. (SAFX) announced that on October 5, 2026, its stockholders approved several key proposals at a special meeting, including a significant increase in the number of authorized shares of Class A Common Stock. The company filed a certificate of amendment, which became effective immediately, to facilitate a previously announced Business Combination Agreement.

Key Details

• Share Authorization Increase: The number of authorized shares of Class A Common Stock was increased from 500,000,000 to 1,700,000,000. The proposal passed with over 286 million votes in favor.
• Business Combination Support: Stockholders also approved the potential issuance of 19.99% or more of the company's outstanding stock as part of the Business Combination Agreement with DevvStream and Southern Energy, dated April 13, 2026.
• Other Approvals: Other approved measures include the election of seven directors to the post-closing board and an increase in the shares reserved under the company's equity incentive plan to 80,000,000.