XCF Global (SAFX) Proxy filing summary

Executive summary

• A preliminary proxy statement was filed in connection with a business combination agreement involving multiple entities, including DevvStream Corp. and Southern Energy Renewables Inc.

• The special meeting will seek shareholder approval for several key proposals related to the business combination.

• The record date for voting eligibility is set as July 29, 2026.

Voting matters and shareholder proposals

• Proposal to increase authorized Class A common stock from 500,000,000 to 1,700,000,000 shares.

• Proposal to approve issuance of 19.99% or more of outstanding common stock as consideration for the business combination.

• Election of seven directors to serve on the post-closing board.

• Proposal to increase shares reserved under the 2025 Equity Incentive Plan from 14,557,181 to 80,000,000.

• Proposal to authorize adjournment of the special meeting if more time is needed to solicit votes.

Board of directors and corporate governance

• Seven directors will be elected to serve on the board following the business combination, with terms until successors are elected or upon earlier departure.