secwatch.observer — SEC 8-K summary
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Issuer:     XCF Global, Inc. (SAFX)
CIK:        0002019793
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001493152-26-016438
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226016438/0001493152-26-016438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226016438/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016438

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer