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