XCF to go public following acquisition by Focus Impact BH3

In Nevada, XCF Global Capital, Inc. and Focus Impact BH3 Acquisition Co. have entered into a definitive Business Combination Agreement dated March 11, 2024, which is expected to result in a newly formed holding company of XCF becoming a publicly-listed company on NYSE or Nasdaq.

XCF Global intends to be a leading producer of SAF with an initial annualized production capacity of 38 million gallons following the close of its acquisition of New Rise Renewables, which owns a flagship plant and adjacent site in Reno, Nevada. The acquisition of New Rise Renewables is expected to be completed in 2024 and the business combination with Focus Impact BH3 is conditioned on its completion.