---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-003538"
form_type: "8-K"
ticker: "SAFX"
cik: "0002019793"
company_name: "XCF Global, Inc."
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T08:08:04.458348+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-003538
- form_type: 8-K
- ticker: SAFX
- cik: 0002019793
- company_name: XCF Global, Inc.
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2019793/000149315226003538/0001493152-26-003538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2019793/000149315226003538/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-003538
- JSON: https://secwatch.observer/filing/0001493152-26-003538.json
- Plain text: https://secwatch.observer/filing/0001493152-26-003538.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2019793/000149315226003538/0001493152-26-003538-index.htm

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