M&A
confidence high
sentiment neutral
materiality 0.70
XCF Global amends DevvStream-Southern merger; deletes $1B revenue run-rate and HSR closing conditions
XCF Global, Inc.
- Amendment to BCA dated Sept 14, 2026: existing XCF holders get ~69.57% post-close (up from 66.7%), DevvStream ~10.43%, Southern ~20%.
- Deleted closing conditions: $10M Southern capitalization, $1B annualized revenue/EBITDA $100M condition, Nasdaq Sweden listing, HSR clearance.
- Amendment conditioned on $1,000,000 GL Investment via warrant program with $2.50 per share exercise price.
- EEME and GL commit to fund ≥$4,373,000 plus shortfall within 3 months post-close, and ≥$50,000,000 within 12 months post-close.
- Special meeting postponed from Sept 10 to Sept 24, 2026, 11:00 a.m. ET; record date remains July 29, 2026.