M&A
confidence high
sentiment neutral
materiality 0.85
XCF Global files preliminary proxy for business combination with DevvStream and Southern Energy
XCF Global, Inc.
- XCF Global filed preliminary proxy on July 27, 2026 for special meeting to vote on business combination with DevvStream Corp. and Southern Energy Renewables.
- Proposal 1: Increase authorized Class A common stock from 500,000,000 to 1,700,000,000 shares.
- Proposal 2: Approve issuance of 19.99% or more of outstanding common stock as consideration under the Business Combination Agreement.
- Proposal 3: Elect seven directors effective upon closing of the business combination.
- Proposal 4: Increase shares reserved under 2025 Equity Incentive Plan from 14,557,181 to 80,000,000.