XCF Global Capital, Inc. (XCF Global), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (SAF), today announced the successful completion of its business combination with Focus Impact BH3 Acquisition Company (OTC PINK:BHAC) (Focus Impact BH3), a special purpose acquisition company.
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 Capital Market (Nasdaq) under the ticker symbol “SAFX” on June 9, 2025.
“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. “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.”
“We are thrilled to have completed the Business Combination with XCF Global and bring this transformative SAF platform to the public markets,” said Carl Stanton, CEO of Focus Impact BH3. “With strong macro tailwinds, a repeatable site development model, and a world-class management team, XCF Global is uniquely positioned to scale SAF production and drive meaningful impact in the energy transition while creating long-term value for shareholders.”
Highlights
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
First customer deliveries of neat SAF completed in March 2025, marking a major operational milestone
Advancing a pipeline of production sites in Nevada, North Carolina, and Florida to expand SAF capacity and support long-term growth
