DevvStream Corp., XCF Global, Inc. (Nasdaq: SAFX), and Southern Energy Renewables Inc. confirmed that their proposed three-party business combination remains on track and that the governing Business Combination Agreement remains in full force and effect. The companies issued the clarification after recent media coverage mischaracterized a DevvStream Form 8-K, noting that the automatic termination of the original DevvStream–Southern merger agreement was an anticipated, procedural step under the April 13, 2026 Business Combination Agreement and did not reflect any decision by any party to withdraw from the transaction. The parties said they continue to work toward completing the combination and expect to file a Form S-4 registration statement with the SEC in the coming weeks.

Pulse 2.0