XCF Global closes Southern Energy/DevvStream combination; 2027 outlook $650-700M gross product sales, $70-75M EBITDA

XCF Global, Inc.

Business Combination closed Oct 16, 2026: DevvStream holders got 1.1919 XCF shares each (62,253,004 shares); Southern Energy holders got 119,397,857 shares; ~596M shares outstanding.
Updated 2027 outlook: gross product sales of $650-700M, net revenue of $120-130M and EBITDA of $70-75M.
Wray T. Thorn named President and CFO effective Oct 19, 2026, replacing Harvey Schnitzer, who becomes Director of Integration; Thorn paid $750,000 salary plus 3% fully diluted restricted stock.
Board set at seven: XCF's Cooper, Thorn, Cockrell and Kim; Southern's Langley and Wharton; DevvStream's Stanton. Cooper named Chairman, salary raised to $750,000 from $500,000.
Focus Impact Partners consulting agreement ($1.5M annual fee) terminated Oct 19; $456,164 accrued fees paid; 2025 Plan share reserve raised to 80,000,000 from 14,557,181.

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