XCF Global, Inc. Announces Receipt of $10 Million Plant Conversion Funding in Support of Pending Business Combination

HOUSTON, TX / ACCESS Newswire / April 17, 2026 / XCF Global, Inc. (Nasdaq:SAFX) ("XCF"), an emerging player in decarbonizing the aviation industry through sustainable aviation fuel ("SAF"), together with DevvStream Corp. (Nasdaq:DEVS) ("DevvStream") and Southern Energy Renewables Inc. ("Southern"), today announced that, as contemplated by their previously announced term sheet relayed to their proposed three‑party Business Combination Agreement ("BCA"), XCF has received from private investors $10 Million through the sale of 100,000,000 shares of Common Stock to support the planned plant conversion at XCF's New Rise Renewables Reno facility. The receipt of this funding satisfies a key funding‑related condition to the proposed business combination among XCF, Southern, and DevvStream.