DevvStream Corp., XCF Global, Inc., and Southern Energy Renewables Inc. confirmed that their three-party business combination agreement remains in full effect [1].
The joint statement serves to correct media reports that mischaracterized the status of the deal. By reaffirming their commitment, the companies aim to stabilize investor confidence as they move toward creating a next-generation energy platform [2].
The companies announced the agreement in April 2026 [3]. They said that the combination is on track to be completed, with a Form S-4 registration statement expected to be filed in the coming weeks [3].
As part of the broader efforts to support the pending combination, XCF Global announced it received $10 million [4] in plant conversion funding. This capital was raised through the sale of 100 million shares of common stock [5].
Operations for the entities are centered in Calgary, Alberta, and Houston, Texas [3, 4]. The companies said the merger will allow them to integrate their resources to better serve the renewable energy sector.
This confirmation follows a period of uncertainty driven by inaccurate reporting. The filing of the S-4 registration statement will be the next critical regulatory step in finalizing the three-way merger [3].
“The three-party business combination agreement remains in full force and effect.”
This joint confirmation is a strategic move to prevent market volatility caused by misinformation. The successful filing of the Form S-4 and the securing of $10 million in funding suggest that the companies are prioritizing the financial and regulatory infrastructure necessary to survive the transition into a single energy entity.
