XCF Global, Inc.: XCF Global, DevvStream and Southern Energy Renewables Amend Business Combination Agreement, Increasing XCF Shareholder Ownership and Establishing Additional Capital Support; XCF Shar

XCF Global (NASDAQ:SAFX) said its New Rise Renewables Reno facility is shipping about 55,000 gallons of renewable diesel per day, marking the first commercial sales since the plant restarted. The company said the volume is a baseline pace and that Reno has a permitted 38 million gallons per year nameplate capacity.

XCF Global (NASDAQ:SAFX) said it signed a Joint Commercialization and Development Agreement with Continual Renewable Ventures and New Rise Australia to expand the New Rise ANZ renewable fuels platform in Australia. The HEFA-based project is expected to target about 175 million liters per year of SAF and renewable diesel, and XCF may earn up to a 10% equity interest via milestone-based tranches.

XCF Global (Nasdaq:SAFX) announced a warrant capital strategy with GL PART SPV II, LLC. GL can buy warrants with a $2.50 exercise price, paying $1 million at an initial July 31, 2026 closing for warrants to acquire up to 6,891,798 shares. The agreement allows up to $100 million through end-2026. XCF also reported rising renewable fuel output at New Rise Reno.

XCF Global (Nasdaq:SAFX) said its New Rise Renewables Reno facility has begun producing renewable fuels, initially renewable diesel, as commissioning and restart sequencing continues. The company expects the site to ramp throughput gradually and start contributing revenue from renewable fuel sales. The facility has permitted nameplate capacity of 38 million gallons per year and is designed to transition to SAF.

XCF Global (Nasdaq:SAFX) said it terminated an equity purchase agreement dated May 30, 2025 with Helena Global Investment Opportunities I Ltd. The company stated about 55 million shares previously reserved for issuance are no longer reserved, reducing potential dilution and market overhang. XCF said it retains flexibility to pursue other financing options.

DevvStream’s Form 8-K says it received fairness opinions for the proposed three-party combination with XCF Global and Southern Energy Renewables. It also states the prior DevvStream–Southern merger agreement automatically terminated after required fairness opinions were received, as a contractual step under the April 13, 2026 Business Combination Agreement. The parties say the BCA remains in force and they expect to file an S-4 with the SEC in coming weeks.