SAF producer XCF Global begins trading on Nasdaq

Sustainable aviation fuel (SAF) company XCF Global Inc. announced that its Class A common stock began trading on the Nasdaq Capital Market under the ticker symbol “SAFX” June 9.

The announcement follows the June 6 closing of XCF’s business combination with Focus Impact BH3 Acquisition Co., a special-purpose acquisition company (SPAC).

“We’re proud to begin our journey as a public company and to raise awareness to the growing need for low-carbon aviation solutions,” said XCF CEO Mihir Dange. “The public listing enables us to accelerate development of our SAF platform and expand production to meet the aviation sector’s growing demand for low-carbon fuel solutions. Our public debut aligns with a new era of growing demand and transformative opportunity—a mission that has never been more urgent.”

XCF Global’s New Rise Reno facility began commercial production of SAF in February with a nameplate production capacity of 38 million gallons of SAF per year.

First customer deliveries of XCF’s SAF were completed in March, marking what the company called a major operational milestone.

According to XCF, the company is advancing a pipeline of production sites in Nevada, North Carolina and Florida to expand SAF capacity and support long-term growth.

After the June 6 business combination with the SPAC, Dange said, “The completion of this transaction marks a transformational step for XCF Global and the decarbonization of the aviation industry. 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.”

Carl Stanton, CEO of Focus Impact BH3, added, “We are thrilled to have completed the business combination with XCF Global and bring this transformative SAF platform to the public markets. 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.”