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XCF Global Completes Business Combination with Southern Energy Renewables and DevvStream, Creating Vertically Integrated Alternative Energy Platform

The combination brings together both today-and future technology alternative fuel production capability, biomass-to-fuels development and environmental-asset monetization to support domestic energy security, reduced carbon emissions and alternative uses for agricultural waste products.

  • With the closing of the business combination, XCF is updating its 2027 financial outlook to reflect gross product sales of $650 to 700 million, net revenue of $120- 130 million and EBITDA of $70-75 million.1
  • XCF believes that the combination will create meaningful shareholder value resulting from combined target 2030 annual gross product sales of more than $1.4 billion, net revenue of more than $400 million and EBITDA of more than $300m.

1 "Please refer to the important note regarding Non-GAAP Measures at the end of this press release for additional information regarding gross product sales. These targets are not projections and are forward-looking statements and are subject to the risks, uncertainties, and assumptions described under "Cautionary Note Regarding Forward-Looking Statements" below

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