XCF Global, Inc., DevvStream Corp., and Southern Energy Renewables Inc. have agreed to a binding term sheet to combine their businesses in a three-party merger. As part of the agreement, an investor will purchase shares of XCF to support its near-term operations and fund targeted upgrades at XCF's New Rise Reno refinery. The investment will be used for mechanical, electrical, and process upgrades, catalyst procurement, infrastructure improvements, and commissioning activities to bring the facility into sustained commercial production and ramp up sustainable aviation fuel output. The proposed transaction is subject to the approval of the respective companies' boards of directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCF Global Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9642401-en) on January 26, 2026, and is solely responsible for the information contained therein.