DevvStream Acquisition | Energy Deal in CA

XCF Global, Inc. has entered into a merger acquisition of DevvStream, a renewable energy business in California. DevvStream operates in the renewable energy sector with exposure to carbon credits, permits, and environmental compliance tied to its energy assets. The renewable energy acquisition supports energy M&A objectives for CA acquisitions by expanding DevvStream’s project footprint and related regulatory and registry accounts. The announced merger acquisition is structured as a business combination agreement with Southern Energy Renewables Inc. and merger sub entities, with closing subject to customary conditions and shareholder approvals.