XCF Global Granted Additional Period to Regain Listing Compliance by Nasdaq
Rhea-AI Summary
XCF Global (Nasdaq: SAFX) received an additional 180 days from Nasdaq to regain compliance with the minimum bid price requirement, allowing the company to maintain its Nasdaq listing.
The new deadline is December 7, 2026, and XCF currently meets other Nasdaq Capital Market listing criteria.
Positive
- Nasdaq granted XCF a 180-day extension to regain bid-price compliance
- Company keeps its Nasdaq listing during the new grace period
- XCF meets market value and all other initial Nasdaq Capital Market requirements
Negative
- Shares remain below Nasdaq minimum bid price requirement
- Compliance must be regained by December 7, 2026 to resolve issue
News Market Reaction – SAFX
In the Jun 10 session, SAFX gained 2.35%, reflecting a moderate positive market reaction. Argus tracked a peak move of +13.6% during that session. Argus tracked a trough of -11.4% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 05 | Board leadership changes | Neutral | -8.6% | CEO named Board Chair and other committee leadership shifts announced. |
| Jun 04 | Capital transaction (peer) | Neutral | -2.2% | DevvStream private placement and equity line termination disclosed. |
| Jun 04 | Merger support funding | Positive | -2.2% | DevvStream $6M preferred investment tied to planned merger with XCF. |
| Jun 01 | Facility upgrade progress | Positive | -1.2% | Completion of key Reno upgrades and catalyst receipt before production. |
| May 29 | Business combination update | Positive | +10.7% | Three-party Business Combination Agreement confirmed in full force. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent XCF headlines, including operational progress and transaction updates, often saw muted or negative next-day moves, with the business combination confirmation on May 29 as the main positive outlier.
Over the last weeks, XCF news has centered on strategic transactions, facility readiness, and governance. On May 29, confirmation that the three-party Business Combination Agreement remained on track coincided with a 10.71% gain. Subsequent updates on Reno facility upgrades and an expected production start in early June preceded modest declines. Board leadership changes on June 5 also saw a selloff. Today’s Nasdaq compliance extension fits into a backdrop of ongoing restructuring and capital markets scrutiny.
Key Terms
nasdaq regulatory
minimum bid price requirement regulatory
the nasdaq capital market regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, TX / ACCESS Newswire / June 9, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), 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, today announced that the Nasdaq Listing Qualifications Staff (the "Staff") has granted the Company's request for an additional 180-day period to regain compliance with Nasdaq's minimum bid price requirement, allowing XCF to maintain its listing on The Nasdaq Stock Market.
Following a review of XCF's plans to become compliant with applicable Nasdaq listing requirements, the Staff granted an extension period of up to 180 calendar days, or until December 7, 2026, for the company to achieve compliance. Nasdaq noted that their determination that XCF is eligible for this additional grace period is based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market with the exception of the bid price requirement.
Chris Cooper, XCF's CEO, commented that: "We're grateful for Nasdaq's consideration in granting the company an additional 180-period to meet the minimum bid price requirement. This extension affords XCF additional time to execute on our strategy to advance our alternative fuel platform, and demonstrate the operational, commercial, and financial success, which we believe will contribute to our ability to meet Nasdaq's listing requirements."
About XCF Global, Inc.
XCF Global, Inc. ("XCF") is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. 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 SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.
To learn more, visit www.xcf.global
Contacts
XCF Global:
Corporate Comms
media@xcf.global
Additional Information and Where to Find It
In connection with the proposed transaction, among the Company, DevvStream, and Southern, the Company will prepare and file relevant materials with the Securities and Exchange Commission (the "SEC"), including a registration statement on Form S-4 that will contain preliminary proxy statements of the Company and Devvstream that also constitutes a prospectus (the "Proxy Statements/Prospectus"). A proxy statement is expected to be mailed to stockholders of the Company and Devvstream as of the record date to be established for voting on the proposed business combination transaction and other matters as described in the Proxy Statements/Prospectus. The Company, DevvStream, and Southern may also file other documents with the SEC and Canadian securities regulatory authorities regarding the proposed transaction. This communication is not a substitute for any proxy statement, registration statement or prospectus, or any other document that the Company, DevvStream, and Southern (as applicable) may file with the SEC or Canadian securities regulatory authorities in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF THE COMPANY OR DEVVSTREAM ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENTS/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY THE COMPANY WITH THE SEC OR CANADIAN SECURITIES REGULATORY AUTHORITIES, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION, WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. The Company's investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus (when they become available), as well as other filings containing important information about the Company, DevvStream, Southern, and other parties to the proposed transaction, without charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by (i) the Company will be available free of charge under the tab "Financials" on the "Investor Relations" page of the Company's website page of the Company's website at https://xcf.global/investor-relations/financials/sec-filings/ or by contacting the Company's Investor Relations Department at media@xcf.global and (ii) DevvStream will be available free of charge under the tab "Financials" on the "Investor Relations" page of DevvStream's website at www.devvstream.com/investors/or by contacting DevvStream's Investor Relations Department at ir@devvstream.com.
Participants in the Solicitation
The Company, DevvStream, Southern, EEME and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies from the Company's stockholders in connection with the proposed transaction. Information regarding the directors and executive officers of (i) the Company is contained in the Company's Current Report on Form 8-K/A, filed with the SEC on October 31, 2025, its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026, and in other documents subsequently filed with the SEC and (ii) Devvstream is contained in DevvStream's proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on November 18, 2025. Additional information regarding the participants in the proxy solicitations and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials filed with the SEC (when they become available). These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Cautionary Note Regarding Forward-Looking Statements
This communication contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that involve substantial risks and uncertainties, including statements regarding the proposed transactions contemplated by the business combination agreement, the anticipated structure, timing and conditions of the proposed transaction, the anticipated completion of the plant conversion, the achievement of specified financial and operational milestones (including annualized blended fuel product revenues in excess of
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, regulatory and legal conditions; (2) the risk that the plant conversion is delayed, not completed on the anticipated timeline, or requires additional capital beyond current expectations; (3) the risk that the Company is unable to achieve the specified annualized revenue and EBITDA thresholds, which depend in significant part on the Company's business performance, operating results, market demand, execution capabilities, and other factors; (4) the risk that Southern does not receive authorization to issue up to
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.
Any forward-looking statements speak only as of the date of this communication. Neither the Company, DevvStream, Southern or EEME undertakes any obligation to update any forward-looking statements, whether as a result of new information or developments, future events, or otherwise, except as required by law. Neither future distribution of this communication nor the continued availability of this communication K in archive form on DevvStream's website at www.devvstream.com/investors/ or the Company's website at www.xcf.global/investor-relations should be deemed to constitute an update or re-affirmation of these statements as of any future date.
SOURCE: XCF Global, Inc.
View the original press release on ACCESS Newswire