XCF Global to buy Southern Energy, DevvStream in share deal

Reuters2026/09/01 21:09

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XCF Global plans to acquire Southern Energy and DevvStream in a share-based deal that keeps XCF Global stockholders in control.
Post-closing ownership: XCF Global stockholders 66.67%, Southern Energy holders 23.33%, DevvStream holders 10%.
Pro forma purchase consideration uses XCF Global’s Aug. 13, 2026 share price of $0.45.
Southern Energy consideration valued at $64.84 million, allocated to intangible assets; DevvStream consideration valued at $27.79 million.
Pro forma balance sheet shows $70.34 million of intangible assets and $29.73 million of goodwill at June 30, 2026.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041052), on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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XCF Global to buy Southern Energy, DevvStream in share deal

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