XCF Global (SAFX) EGM 2026 summary

Opening remarks and agenda

• Virtual meeting called to order; CFO Harvey Schnitzer appointed secretary and Ian Mackay of Continental Stock Transfer & Trust Company named inspector of election.

• Five agenda items covered authorized shares, BCA-related stock issuance, director elections, equity-plan shares and possible adjournment.

• July 29, 2026, set as the record date; meeting notices were mailed beginning Aug. 7 and Sept. 25, 2026.

• Quorum established with ~70.4% of voting power present or represented by proxy; polls opened at 11:06 a.m. and closed at 11:13 a.m. ET.

Specific resolutions to be voted on

• Increase authorized Class A common shares from 500 million to 1.7 billion; approval required a majority of total voting power.

• Approve potential issuance of 19.99% or more of outstanding common shares as BCA stock consideration to DevvStream and Southern Energy Renewables.

• Elect seven directors to serve from the effective time of the BCA business combination until successors are elected or earlier departure.

• Increase shares reserved under the 2025 Equity Incentive Plan to 80 million.

• Approve adjournment if needed to seek additional votes for the other proposals.

Board and executive committee updates

• Proposed post-closing directors: Christopher Cooper, Chad Langley, John Wharton, Wray Thorn, Sanford Cockrell, Si-Yeon Kim and Carl Stanton.

• The board recommended votes for all five proposals and each director nominee.