In Nevada, SAF company XCF Global Capital announced the completion of its business combination with Focus Impact BH3, a special purpose acquisition company. “The completion of this transaction marks a transformational step for XCF Global and the decarbonization of the aviation industry,” said Mihir Dange, Chief Executive Officer of XCF Global. The combined company will operate under the name XCF Global, Inc. and its Class A common stock is expected to commence trading on the Nasdaq under the ticker symbol “SAFX” on June 9, 2025. “With commercial production underway, first deliveries completed, and a proven business model in place, we are entering the public markets with momentum and a clear path to growth. XCF Global is positioned as a market leader at the intersection of aviation and decarbonization – standing at the forefront of a high-growth opportunity in synthetic aviation fuel. We offer the public capital markets access to one of the fastest-growing sectors in the global energy transition, and we are proud to be leading the shift toward a lower-carbon future for aviation,” the executive added. XCF Global’s New Rise Reno facility began commercial production of neat SAF in February 2025, with a nameplate production capacity of 38 million gallons of neat SAF per year.
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