XCF Global signs binding term sheet for three-party merger with Southern and DevvStream

XCF Global, Inc.

Binding term sheet signed Jan 26, 2026; Southern and DevvStream to become wholly-owned subsidiaries of XCF.
Investor EEME to purchase up to $10M of XCF common stock to fund New Rise Reno SAF facility conversion.
Initial EEME purchase: 7M shares for $700K; remaining 93M shares expected through March 31, 2026.
Post-closing board: XCF designates 4 members (incl. CEO Chris Cooper as chair), Southern 2, DevvStream 1.
No assurance of definitive agreement; closing subject to negotiation, approvals, and milestones.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XCF Global, Inc. entered into Term Sheet with Southern Energy Renewables, Inc., DevvStream Corp., and EEME Energy SPV I LLC valued at $10 million (effective 2026-01-26).

Action: entry
Counterparty: Southern Energy Renewables, Inc., DevvStream Corp., and EEME Energy SPV I LLC
Value: $10 million
Effective: 2026-01-26

Exact text from the filing

On January 26, 2026, XCF Global, Inc., a Delaware corporation (“ XCF ” or the “ Company ”), entered into a binding term sheet (the “ Term Sheet ”) with Southern Energy Renewables, Inc., a Louisiana corporation (“ Southern ”), DevvStream Corp., an Alberta corporation (“ DEVS ”), and EEME Energy SPV I LLC (“ EEME ”), which sets forth the principal terms and conditions of a proposed business combination and related financing transactions

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XCF Global, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-003538

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