XCF Global (Nasdaq:SAFX) Stockholders Approve Proposed Business Combination with DevvStream and Southern Energy Renewables

HOUSTON, TX / ACCESS Newswire / October 6, 2026 / XCF Global Inc. ("XCF") (Nasdaq:SAFX), a growing U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced that XCF stockholders have approved the proposals necessary to complete the previously announced business combination involving XCF, DevvStream Corp. (OTC PINK:DEVSF) ("DevvStream"), and Southern Energy Renewables Inc. ("Southern"). The approval represents a significant milestone in the proposed transaction and reflects shareholder support for the amended transaction structure previously announced by the parties.

Highlights * XCF stockholders approved the issuance of XCF common stock in connection with the proposed business combination. The transaction adds a future alternative fuel production technology pathway with lower feedstock cost and lower carbon intensity through Southern as well as an in-house environmental attribute monetization capability through DevvStream. * XCF previously announced $1.0 million investment completed through the sale of warrants exercisable at $2.50 per share. * The transaction is expected to close as expeditiously as possible as remaining closing requirements are satisfied. "Today's vote is an important milestone for XCF in enhancing the strategic value of our business platform and a strong signal of support from our shareholders," said Chris Cooper, Chief Executive Officer of XCF Global. "We appreciate the confidence our shareholders have placed in us and look forward to closing the transaction as expeditiously as possible following the satisfaction of the remaining closing conditions under the Business Combination Agreement."