XCF Global, Inc. (Nasdaq: SAFX) announced the execution of a definitive Business Combination Agreement to acquire DevvStream Corp. (Nasdaq: DEVS) and Southern Energy Renewables Inc., combining the three companies’ operations across sustainable aviation fuel, green methanol, renewable products, and environmental-attribute monetization. DevvStream will domesticate from Alberta to Delaware before closing, after which XCF will own both companies as wholly owned subsidiaries, with post-transaction ownership expected at approximately 66.7% XCF, 23.3% Southern, and 10.0% DevvStream shareholders. The deal remains subject to customary closing conditions, including shareholder approvals, SEC effectiveness of a Form S-4 registration statement, Nasdaq listing approval, financing, and operational milestones.

Investing.com