XCF Global signs definitive BCA to acquire DevvStream and Southern Energy Renewables

XCF Global, Inc.

DevvStream and Southern to merge into XCF via subsidiary mergers; DevvStream to domesticate to Delaware.
Closing conditions include Southern securing $400M bond approval from Louisiana and $10M cash.
XCF must achieve $1B annualized fuel product revenue and $100M EBITDA by June 30, 2026, as DevvStream condition.
Termination fees: $510K from DevvStream to XCF; $510K + $1.19M from XCF to DevvStream and Southern respectively.
Support & Lock-Up Agreements ensure shareholder approvals from core securityholders.

Key facts

Extracted from this filing and checked against the source text.

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

XCF Global, Inc. entered into Business Combination Agreement with DevvStream Corp.; Southern Energy Renewables Inc.; DevvStream Merger Sub Inc.; Southern Merger Sub Inc. (effective 2026-04-13).

Action: entry
Agreement: merger
Counterparty: DevvStream Corp.; Southern Energy Renewables Inc.; DevvStream Merger Sub Inc.; Southern Merger Sub Inc.
Effective: 2026-04-13

Exact text from the filing

on April 13, 2026, the Company entered into a definitive Business Combination Agreement (as may be amended, supplemented or otherwise modified from time to time, the “BCA” and the transactions contemplated thereby, collectively, the “Transactions”), by and among the Company, DevvStream, Southern, DevvStream Merger Sub Inc., a Delaware corporation and a newly-formed wholly-owned subsidiary of the Company (“DevvStream Merger Sub”), and Southern Merger Sub Inc., a Delaware corporation and a newly-formed wholly-owned subsidiary of the Company (“Southern Merger Sub”).

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XCF Global, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-016438

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