Wray Thorn
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Highest-materiality recent filing
XCF Global terminates $50M equity line with Helena; cancels 55M share reservation
Terminated Purchase Agreement with Helena Global Investment Opportunities I LTD dated May 30, 2025.
XCF Global raises $4M via private placement, nears production restart at Reno facility
Issued 26,666,680 shares at $0.15 each for total gross proceeds of $4,000,002 to two accredited investors.
XCF Global to issue 37M shares to Encore DEC, settling $16.7M debt and liens
Settles ~$16.7M of accounts payable and property liens with Encore DEC via 37M shares of Class A common stock at $0.451/share.
XCF Global settles $16.7M debt with Encore DEC via 37M share issuance at $0.451/share
$16.7M accounts payable and property liens settled by issuing 37,033,386 Class A shares at $0.451/share.
XCF avoids ground-lease default; issues 4M shares to landlord; 2027 revenue target $110-120M
New Rise Reno subsidiary entered forbearance with landlord Twain through Jan 1, 2027, avoiding default on ground lease.
XCF Global signs definitive BCA to acquire DevvStream and Southern Energy Renewables
DevvStream and Southern to merge into XCF via subsidiary mergers; DevvStream to domesticate to Delaware.
XCF Global terminates CFO, CAO resigns; appoints Harvey Schnitzer as CFO
CFO William Dale terminated effective April 9, 2026.
XCF Global: Phillips 66 terminates offtake agreement; secures BGN term sheet for SAF tolling
Phillips 66 terminated Supply and Offtake Agreement with New Rise Reno effective May 1, 2026; has suspended performance and demands setoff.
Shareholders approve 19.99%+ stock issuance; EEME to fund $6.2M for SAF plant conversion
Shareholders on March 6, 2026 approved issuance of 19.99%+ of common stock to single investor (EEME) per Nasdaq Rules 5635(d) and 5635(b).
XCF Global signs binding term sheet for three-party merger with Southern and DevvStream
Binding term sheet signed Jan 26, 2026; Southern and DevvStream to become wholly-owned subsidiaries of XCF.
XCF Global appoints new CFO William Dale; evaluates financing for New Rise Reno 2 SAF
William Dale appointed CFO effective Jan 12, 2026, succeeding Simon Oxley who becomes consultant.
Nasdaq notified XCF that its stock closed below $1.00 for 30 consecutive days (Oct 27–Dec 8, 2025); compliance period until June 8, 2026.
Initial site work completed: grading of 10-acre parcel and construction of access roads; engineering and planning underway.
XCF Global converts $28M payable and $8M debt into shares; majority owner stake rises to 53.6%
Encore DEC, LLC settles $28M accounts payable for 36.8M shares at $0.7613/share; Randy Soule beneficial ownership rises to ~53.6%.
XCF Global appoints Christopher Cooper as CEO, replaces Mihir Dange; Wray Thorn named Interim Chair
Cooper appointed CEO and Board director effective Nov 7, 2025; prior CEO Mihir Dange terminated without cause.
XCF Global completes business combination, provides financials and financing updates
Business combination closed June 6, 2025; Legacy XCF valued at $1.75B pre-money; ~149.3M shares outstanding post-close.
XCF Global enters binding term sheet for exclusive SAF licensing deal in Australia
XCF grants New Rise Australia exclusive 15-year license for renewable fuel facility designs, focusing on SAF and renewable diesel.
XCF Global subsidiary receives $130.7M loan acceleration; GNCU withdraws but defaults stand
New Rise Reno subsidiary has $112.58M GNCU loan; GNCU notified acceleration of full balance as of Aug 6, 2025.
Nasdaq warns XCF Global of potential delisting over delayed Q2 10-Q filing
Received Nasdaq notice on Aug 21, 2025 for noncompliance with Rule 5250(c)(1) due to late Q2 Form 10-Q.
XCF Global enters convertible note financing for up to $7.5M; initial $2M drawn
Convertible Note Purchase Agreement with EEME Energy SPV I LLC for up to $7.5M aggregate principal; initial closing of $2M on July 29, 2025.
XCF Global signs non-binding MOU for Australian SAF/HVO platform with Continual Renewable Ventures
MOU to launch New Rise Australia, a SAF and HVO platform in Australia, powered by XCF's patent-pending site design.
XCF Global completes business combination with Focus Impact; begins trading on Nasdaq under SAFX
Pre-money equity value of XCF set at $1.75B; issued ~142M shares to XCF equityholders at $10.00/share.
Waiver dated June 5, 2025, allows merger to close despite certain unresolved conditions.
XCF business combo extended to June 30; $19.3M loan default, $18.5M lease default disclosed
Amendment No. 3 extends business combination termination date to June 30, 2025.
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Mihir Dange Chief Executive Officer
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Gregory R. Surette Chief Strategy Officer and Secretary
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Wray Thorn resigned as the sole director of NewCo
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Gregory P. Savarese Chief Marketing Officer
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Pamela M. Abowd Chief Accounting Officer
Mihir Dange, Anne Anderson, Sanford Cockrell, Si-Yeon Kim, Wray Thorn and Carter McCain were appointed as directors of New XCF.
Simon Oxley Chief Financial Officer
Max materiality 0.90 · Median 0.62 · Most common event other_material