XCF Global Capital, Inc. (XCF Global), a prominent force in advancing decarbonization within the aviation sector through its Synthetic Aviation Fuel (SAF) platform, has announced the successful completion of its business combination with Focus Impact BH3 Acquisition Company (OTC PINK: BHAC), a special purpose acquisition company.
Following the merger, the combined entity will operate under the name XCF Global, Inc., with its Class A common stock set to begin trading on the Nasdaq Capital Market under the ticker symbol “SAFX” starting June 9, 2025.
“This is a defining moment for XCF Global and the broader effort to decarbonize aviation,” said Mihir Dange, CEO of XCF Global. “We’re entering the public markets with strong momentum—commercial operations are underway, our first deliveries have been completed, and our business model is already proving itself. As a recognized leader at the intersection of aviation and sustainable energy, XCF Global offers public investors access to one of the fastest-emerging sectors in the global energy transition. We’re proud to be leading the charge toward a lower-carbon future for air travel.”
Carl Stanton, CEO of Focus Impact BH3, added: “We’re excited to complete this business combination and support XCF Global’s growth as a public company. With favorable market dynamics, a replicable development model, and an experienced leadership team, XCF is well-equipped to expand SAF production and contribute meaningfully to the global shift toward cleaner energy—while delivering long-term value for investors.”
Key Highlights:
Growth Pipeline: XCF is advancing plans to develop additional SAF production sites in Nevada, North Carolina, and Florida to support future expansion and long-term demand.
Commercial Launch: XCF Global’s New Rise Reno facility commenced commercial production of neat SAF in February 2025, with an annual nameplate capacity of 38 million gallons.
Initial Deliveries: The company completed its first customer deliveries in March 2025, marking a major operational milestone.
