XCF Global proxy filing sets July 29 record date as SAFX advances dual-acquisition vote
A preliminary proxy statement filed July 27, 2026 with the SEC puts SAFX in focus, with XCF Global, Inc. advancing the stockholder vote process tied to its April 13 Business Combination Agreement with DevvStream Corp. and Southern Energy Renewables Inc. The record date for the special meeting is July 29, 2026, giving shareholders of record as of that close of business the right to vote on five proposals that reshape the company's capital structure.
Key takeaways
- XCF Global filed a preliminary proxy statement with the SEC on July 27, 2026, setting a record date of July 29, 2026 for a special meeting of stockholders of its Nasdaq-listed stock (ticker SAFX).
- The vote covers five proposals tied to XCF Global's April 13, 2026 Business Combination Agreement with DevvStream Corp. and Southern Energy Renewables Inc.
- Proposal No. 1 would raise authorized Class A common stock from 500,000,000 to 1,700,000,000 shares, with par value unchanged at $0.0001.
- Proposal No. 2 seeks approval to issue 19.99% or more of outstanding common stock as deal consideration, as required under Nasdaq Listing Rules 5635(a), (b), and (d).
- Additional proposals cover electing seven directors effective at closing, expanding the 2025 Equity Incentive Plan from 14,557,181 to 80,000,000 reserved shares, and a potential adjournment.
A preliminary proxy statement filed July 27, 2026 with the SEC puts SAFX in focus, with XCF Global, Inc. advancing the stockholder vote process tied to its April 13 Business Combination Agreement with DevvStream Corp. and Southern Energy Renewables Inc. The record date for the special meeting is July 29, 2026, giving shareholders of record as of that close of business the right to vote on five proposals that reshape the company's capital structure.
The deal architecture
XCF Global, a Delaware corporation headquartered at 3040 Post Oak Blvd. in Houston, Texas, entered its Business Combination Agreement on April 13, 2026. The counterparties are DevvStream Corp., organized in Alberta, and Southern Energy Renewables Inc., a Louisiana corporation. Two wholly-owned XCF Global subsidiaries, DevvStream Merger Sub Inc. and Southern Merger Sub Inc., both incorporated in Delaware, are also parties to the agreement. The preliminary proxy is the first formal document laying out what stockholders will need to approve before the transaction can close.
The share math
Proposal No. 1 seeks an increase in authorized Class A common stock from 500,000,000 shares to 1,700,000,000. Par value stays at $0.0001 per share. That authorization is the precondition for Proposal No. 2, which asks stockholders to approve the potential issuance of 19.99% or more of issued and outstanding XCF Global common stock as deal consideration, a vote required under Nasdaq Listing Rules 5635(a), (b), and (d).
Two other proposals follow. Proposal No. 3 puts seven director seats to a vote, effective at the closing of the transaction. Proposal No. 4 expands the XCF Global 2025 Equity Incentive Plan from its current 14,557,181 reserved shares to 80,000,000. A fifth adjournment proposal is included in case the stock issuance vote falls short and more time is needed to solicit proxies.
What to watch
The filing is marked as soliciting material under Rule 14a-12 of the Exchange Act, meaning the definitive proxy requires SEC review before the special meeting date can be set. XCF Global, an emerging growth company, lists its Class A common stock on the Nasdaq Stock Market under the ticker SAFX (Commission File Number 001-42687). Chief Executive Officer Christopher Cooper signed the 8-K dated July 27, 2026.
Filed by the newsroom of MarketPR on July 27, 2026. Source: sec.gov. Indicative figures are not investment advice.