XCF Global Capital, Inc., a leader in synthetic aviation fuel (SAF) production, has completed its business combination with Focus Impact BH3 Acquisition Company, according to a company statement on Friday.
The combined entity, now operating as XCF Global, Inc., will begin trading on the Nasdaq Capital Market under the ticker “SAFX” starting Monday, June 9.
This milestone positions XCF Global as the first publicly traded pure-play SAF producer in the U.S., offering investors exposure to a critical segment of the clean energy transition.
The company’s New Rise Reno facility in Nevada is fully operational, having launched commercial production in February 2025 and completed its first customer deliveries in March.
The facility boasts an annual nameplate capacity of 38 million gallons of neat SAF.
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The completion of the business combination marks a pivotal moment for XCF Global and sustainable aviation, stated CEO Mihir Dange.
The company is entering public markets with strong momentum, a proven model, and clear growth potential in a sector poised to drive aviation’s low-carbon future, he added.
In turn, Carl Stanton, CEO of Focus Impact BH3, said that XCF’s repeatable development strategy, strong leadership, and favorable market conditions make it uniquely positioned to scale and deliver long-term value.
XCF Global is advancing new production sites in Nevada, North Carolina, and Florida to increase SAF capacity and meet growing demand.
The company’s business model and infrastructure aim to lead North America’s SAF market as demand for low-emission aviation fuel rises.
Advisors for the transaction included Cohen & Company Capital Markets, Height Capital Markets, BTIG, Stradley Ronon Stevens & Young, LLP, Kirkland & Ellis LLP, and Alliance Advisors.
Read more: Can Sustainable Aviation Fuel Fulfill Its Potential?
