XCF Global and DevvStream Announce Postponement of Special Meetings in Connection with Proposed Business Combination
DevvStream and XCF Global postponed the special shareholder meetings originally set for September 10, 2026, moving the DevvStream vote to September 17 and the XCF Global vote to September 24; both meetings remain virtual. The votes cover the proposed business combination among XCF Global, DevvStream and Southern Energy Renewables under the April 13, 2026 Business Combination Agreement, with the stated reason being additional time to complete meeting preparations. The July 29, 2026 record date is unchanged and previously submitted proxies remain valid unless revoked; both boards unanimously recommend voting FOR the proposals.
Key figures
- Bca signed
- April 13, 2026
- Record date
- July 29, 2026 (unchanged)
- Original meeting date
- 2026-09-10
- Safx nameplate capacity
- 38 million gallons per year (New Rise Reno facility)
- Devs rescheduled meeting
- September 17, 2026, 10:00 a.m. ET (virtual)
- Safx rescheduled meeting
- September 24, 2026, 11:00 a.m. ET (virtual)
- Combined enterprise objective
- $3.0 billion (stated as an objective, not assured)
- Southern energy bond authorization
- up to $400 million (pending, risk factor)
AI analysis
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