Approximately 55 million shares previously reserved for issuance are no longer reservedReduced related potential dilution and associated market overhangCompany retains flexibility to pursue financing alternatives as it

<ul style="list-style-type:disc;"><li><p><i><strong>Approximately 55 million shares previously reserved for issuance are no longer reserved</strong></i></p></li><li><p><i><strong>Reduced related potential dilution and associated market overhang</strong></i></p></li><li><p><i><strong>Company retains flexibility to pursue financing alternatives as it deems appropriate</strong></i></p></li><li><p><i><strong>Reinforces disciplined capital management and shareholder-aligned financing strategy</strong></i></p></li></ul> <p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / June 19, 2026 / </strong>XCF Global, Inc. ("XCF") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SAFX">SAFX</a>), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") XCF Global, Inc. today announced it has terminated its previously disclosed equity purchase agreement, dated May 30, 2025, with Helena Global Investment Opportunities I Ltd.</p><p>Upon termination of the agreement, approximately 55 million 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.</p><p>The Company believes eliminating the share reserve, meaningfully strengthens its capital structure while preserving flexibility to pursue financing alternatives as it deems appropriate.</p><p>"This decision reflects our continued focus on disciplined capital management and alignment with shareholder interests," said Chris Cooper, CEO of XCF Global. "By terminating the agreement, we eliminated a substantial reserved-share position, reduced potential dilution and market overhang, and enhanced our ability to evaluate financing alternatives that better support our long-term growth strategy."</p><p>XCF Global retains the flexibility to evaluate and pursue alternative sources of capital, including strategic transactions and other financing arrangements, as it continues to advance its business objectives.</p><p><strong>About XCF Global, Inc.</strong></p><p>XCF Global, Inc. ("XCF") is a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale renewable fuels production. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.</p><p>To learn more, visit <a rel="nofollow" href="https://pr.report/lmkh">www.xcf.global</a></p><p><strong>Contacts</strong></p><p><strong>XCF Global: </strong>Corporate Comms<br/><a rel="nofollow" href="mailto:media@xcf.global">media@xcf.global</a></p><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p><p>This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the benefit of terminating the ELOC and the potential benefits describe in the press release, the belief of management regarding the alignment of such ELOC's termination with its financing alternatives, the potential of sustainable aviation fuel to reduce greenhouse gas emissions, the prospectus of XCF's commercial operations and growth strategy, and the expected to return to operations of XCF's New Rise Renewables Reno facility in June 2026. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "aim," "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "designed," "estimate," "overestimate," "underestimate," "believe," "plan," "could," "would," "project," "predict," "continue," "target," "objective," "goal," "designed," or the negatives of these words or other similar terms or expressions that concern XCF's expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.</p><p>We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.</p><p>Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's business combination agreement with DevvStream Corp. and Southern Energy Renewables Inc. (the "Business Combination") and/or its offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to regain compliance with Nasdaq's continued listing standards and thereafter continue to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility's ability to produce renewable diesel in commercial quantities without interruption during the ongoing SAF ramp-up process; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.</p><p>Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.</p><p><strong>SOURCE: </strong>XCF Global, Inc.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/clean-technology/xcf-global-terminates-equity-purchase-agreement-reducing-potential-dilution-and-ma-1179487'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1179487" width="0" height="0"/>

SAFX

XCF Global Terminates Equity Purchase Agreement, Reducing Potential Dilution and Market Overhang

XCF Global terminates equity agreement, lowers dilution and strengthens capital flexibility

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Approximately 55 million shares previously reserved for issuance are no longer reservedReduced related potential dilution and associated market overhangCompany retains flexibility to pursue financing alternatives as it</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>XCF Global terminated its May 2025 equity purchase agreement with Helena Global Investment Opportunities I Ltd., eliminating about 55 million reserved shares. The move reduces potential dilution and market overhang while preserving flexibility to pursue financing options aligned with long-term SAF and renewable diesel growth. The company cites disciplined capital management as it advances its Reno facility and growth pipeline.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Approximately 55 million shares previously reserved are no longer reserved; dilution risk falls.</li><li>XCF Global terminates its equity purchase agreement with Helena Global Investment Opportunities I Ltd.</li><li>Termination weakens potential dilution and market overhang; preserves financing flexibility.</li><li>Company emphasizes disciplined capital management and shareholder-aligned financing strategy.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>XCF Global, Inc. (SAFX)</strong>: Termination reduces dilution and market overhang; enhances capital structure and financing flexibility.</li><li><strong>Helena Global Investment Opportunities I Ltd. (NA)</strong>: Counterparty to the EPA; termination removes reserved-shares obligation and dilution risk.</li><li><strong>DevvStream Corp. (NA)</strong>: Referenced as a potential business combination partner in risk disclosures; market impact contingent on updates.</li><li><strong>Southern Energy Renewables Inc. (NA)</strong>: Mentioned in risk context as a potential partner; no current concrete move disclosed.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits as a financing-capital-structure update tied to a termination of a financing agreement and its implications for SAFX&#039;s dilution, flexibility, and growth strategy.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Elimination of ~55 million reserved shares may lift SAFX price and reduce downside risk.</li><li>Financing flexibility could support expansion financing for New Rise Reno.</li><li>Termination introduces near-term uncertainty until new financing plans are announced.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of press release: June 19, 2026.</li><li>Equity Purchase Agreement terminated with Helena Global Investment Opportunities I Ltd; dated May 30, 2025.</li><li>Approximately 55 million shares previously reserved are no longer reserved.</li><li>New Rise Renewables Reno facility capacity: 38 million gallons per year.</li><li>XCF Global trades on Nasdaq Capital Market under SAFX; expansion opportunities in NV, NC, FL.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on SAFX over 3–9 months as dilution relief and financing options reduce downside and enable growth funding.</p>
  </section>
</section>


<ul style="list-style-type:disc;"><li><p><i><strong>Approximately 55 million shares previously reserved for issuance are no longer reserved</strong></i></p></li><li><p><i><strong>Reduced related potential dilution and associated market overhang</strong></i></p></li><li><p><i><strong>Company retains flexibility to pursue financing alternatives as it deems appropriate</strong></i></p></li><li><p><i><strong>Reinforces disciplined capital management and shareholder-aligned financing strategy</strong></i></p></li></ul> <p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / June 19, 2026 / </strong>XCF Global, Inc. ("XCF") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SAFX">SAFX</a>), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") XCF Global, Inc. today announced it has terminated its previously disclosed equity purchase agreement, dated May 30, 2025, with Helena Global Investment Opportunities I Ltd.</p><p>Upon termination of the agreement, approximately 55 million 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.</p><p>The Company believes eliminating the share reserve, meaningfully strengthens its capital structure while preserving flexibility to pursue financing alternatives as it deems appropriate.</p><p>"This decision reflects our continued focus on disciplined capital management and alignment with shareholder interests," said Chris Cooper, CEO of XCF Global. "By terminating the agreement, we eliminated a substantial reserved-share position, reduced potential dilution and market overhang, and enhanced our ability to evaluate financing alternatives that better support our long-term growth strategy."</p><p>XCF Global retains the flexibility to evaluate and pursue alternative sources of capital, including strategic transactions and other financing arrangements, as it continues to advance its business objectives.</p><p><strong>About XCF Global, Inc.</strong></p><p>XCF Global, Inc. ("XCF") is a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale renewable fuels production. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.</p><p>To learn more, visit <a rel="nofollow" href="https://pr.report/lmkh">www.xcf.global</a></p><p><strong>Contacts</strong></p><p><strong>XCF Global: </strong>Corporate Comms<br/><a rel="nofollow" href="mailto:media@xcf.global">media@xcf.global</a></p><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p><p>This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the benefit of terminating the ELOC and the potential benefits describe in the press release, the belief of management regarding the alignment of such ELOC's termination with its financing alternatives, the potential of sustainable aviation fuel to reduce greenhouse gas emissions, the prospectus of XCF's commercial operations and growth strategy, and the expected to return to operations of XCF's New Rise Renewables Reno facility in June 2026. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "aim," "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "designed," "estimate," "overestimate," "underestimate," "believe," "plan," "could," "would," "project," "predict," "continue," "target," "objective," "goal," "designed," or the negatives of these words or other similar terms or expressions that concern XCF's expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.</p><p>We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.</p><p>Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's business combination agreement with DevvStream Corp. and Southern Energy Renewables Inc. (the "Business Combination") and/or its offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to regain compliance with Nasdaq's continued listing standards and thereafter continue to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility's ability to produce renewable diesel in commercial quantities without interruption during the ongoing SAF ramp-up process; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.</p><p>Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.</p><p><strong>SOURCE: </strong>XCF Global, Inc.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/clean-technology/xcf-global-terminates-equity-purchase-agreement-reducing-potential-dilution-and-ma-1179487'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1179487" width="0" height="0"/>

XCF Global terminated its May 2025 equity purchase agreement with Helena Global Investment Opportunities I Ltd., eliminating about 55 million reserved shares. The move reduces potential dilution and market overhang while preserving flexibility to pursue financing options aligned with long-term SAF and renewable diesel growth. The company cites disciplined capital management as it advances its Reno facility and growth pipeline.

XCF Global Terminates Equity Purchase Agreement, Reducing Potential Dilution and Market Overhang

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News