SAFX News & Events

XCF Global announced it has terminated its previously disclosed equity purchase agreement, dated May 30, 2025, with Helena Global Investment Opportunities. Upon termination of the agreement, 55M shares of common stock previously reserved for issuance to the investor thereunder are no longer reserved. "This action reduces the related potential dilution and associated market overhang, including potential shorting activity by market participants," the company said in a statement. XCF "believes eliminating the share reserve, meaningfully strengthens its capital structure while preserving flexibility to pursue financing alternatives as it deems appropriate."

XCF Global announced that its New Rise Renewables Reno facility has advanced its production-start sequence, following the previously announced successful receipt and loading of process catalyst announced earlier this month. The facility is currently progressing through reformer startup activities, which are required to begin catalyst activation. Each step is sequenced to support an expected safe start, system reliability, and orderly transition toward initial renewable fuel production. Additional startup and commissioning activities include system validation, chemical staging, and hydrotreater readiness checks as the facility advances toward an expected initial renewable fuel production.

XCF Global announced that CEO Chris Cooper has been appointed Board Chair. Cooper will continue to serve as CEO, aligning executive leadership with Board oversight as the Company progresses toward its next phase of growth. Wray Thorn, who has served as Interim Board Chair since November 7, 2025, will continue on the Board and serve as Chair of the Finance Committee. Additionally, Si-Yeon Kim will serve as Lead Independent Board Member in addition to her role as Chairperson of the Governance Committee, further strengthening the Company's independent governance framework and Board oversight.