XCF Global Closes Merger, Reports 85,000-Gallon Daily Output

XCF Global (SAFX) finalized its all-stock business combination with Southern Energy Renewables and DevvStream, creating a vertically integrated alternative energy platform. [4, 5, 9]

The company announced the closing in a shareholder update that addressed recent stock price volatility and reaffirmed its strategic direction. [1, 10]

Management said XCF’s Reno renewable-fuel plant reached a production rate of about 85,000 gallons per day by the end of September. [2, 10] XCF reported more than $12 million in gross product sales for September. [1, 10]

Former Southern Energy Renewables equity holders now own approximately 20% of XCF. [4, 5] Former DevvStream equity holders own approximately 10.4%. [4, 5]