XCF Global, Inc. Announces Receipt of $10 Million Plant Conversion Funding in Support of Pending Business Combination [Yahoo! Finance]
DevvStream Corp. (DEVS)
Company Research
Source: Yahoo! Finance
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. The receipt of this funding represents an important milestone in advancing the transaction and is expected to support continued progress toward satisfying the closing conditions set forth in the previously announced Business Combination Agreement. "This funding marks a meaningful step forward in the execution of our strategic transaction," said Chr
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News
- XCF Global, Southern Energy Renewables and DevvStream Sign Definitive Business Combination Agreement with Respect to Previously Announced Proposed Three-Party Merger to Create Next-Generation Energy PlatformBusiness Wire
- DevvStream Reduces Debt by Approximately $5.9 Million, Net of an Additional $700,000 Loan to Support the Company's Working Capital Needs [Yahoo! Finance]Yahoo! Finance
- DevvStream Reduces Debt by Approximately $5.9 Million, Net of an Additional $700,000 Loan to Support the Company’s Working Capital NeedsBusiness Wire
- Biomass-to-Jet SAF Projects Position Renewable Hydrocarbons as the Future of Aviation Fuel [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Biomass-to-Jet SAF Projects Position Renewable Hydrocarbons as the Future of Aviation FuelPR Newswire