---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-111746"
form_type: "8-K"
ticker: "SAFX"
cik: "0002019793"
company_name: "XCF Global, Inc."
filed_at: "2026-10-22T21:08:11+00:00"
generated_at: "2026-10-22T21:10:07.624988+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-111746
- form_type: 8-K
- ticker: SAFX
- cik: 0002019793
- company_name: XCF Global, Inc.
- filed_at: 2026-10-22T21:08:11+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 2.01, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2019793/000121390026111746/0001213900-26-111746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2019793/000121390026111746/ea0309265-8k_xcfglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-111746
- JSON: https://secwatch.observer/filing/0001213900-26-111746.json
- Plain text: https://secwatch.observer/filing/0001213900-26-111746.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.