Mergers & Acquisitions ·
XCF Global filed updated pro forma financial information related to its proposed business combination with Southern…
SAFXXCF Global, Inc.
XCF Global filed updated pro forma financial information related to its proposed business combination with Southern Energy and DevvStream. The transaction involves XCF Global acquiring Southern Energy as an asset acquisition and DevvStream as a business combination, resulting in former stockholders of the target companies holding approximately 23.33% and 10% of the combined entity, respectively, while existing shareholders retain 66.67%. Pro forma results for the six months ended June 30, 2026, show a net loss of $43.7 million and pro forma total assets of approximately $524.8 million. The company operates in the energy and technology sectors.