XCF Global (SAFX) Proxy filing summary

Executive summary

• Special meeting set for Nov. 9, 2026; proposals seek authority for a 1-for-2 to 1-for-50 reverse split and, if needed, adjournment to solicit more votes.

• Reverse split aims to regain Nasdaq’s $1.00 minimum bid-price compliance by Dec. 7, 2026; Board anticipates a Nov. 19 effective date if approved and implemented.

• A pending business combination with DevvStream and Southern Energy would leave existing holders with an expected 69.57% ownership; remaining closing conditions apply.

Voting matters and shareholder proposals

• Board unanimously recommends FOR the reverse split and adjournment proposals; approval of each requires votes cast for to exceed votes cast against.

• The reverse split ratio, timing and implementation are at Board discretion; even after approval, the Board may abandon the split if it is not in stockholders’ best interests.

• The adjournment proposal would allow solicitation of additional proxies, including from holders who voted against the reverse split; an adjournment of 30 days or less needs no further notice beyond an announcement.

• Record date is Oct. 22, 2026; holders have one vote per share. Internet and telephone voting close Nov. 8 at 11:59 p.m. ET.

Board of directors and corporate governance

• Board will select a ratio within the approved range based on market conditions, trading price, liquidity, capitalization and expected Nasdaq compliance effects.

• Stockholders approved post-combination director elections at the Oct. 5, 2026 special meeting; the proposed reverse split amendment requires no further stockholder action after approval.