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HOUSTON - XCF Global, Inc. (NASDAQ:SAFX), a $125.66 million market cap company focused on decarbonizing aviation through Synthetic Aviation Fuel (SAF), announced Monday the appointment of its Board of Directors following its business combination and public listing on Nasdaq. The stock has seen significant volatility, trading between $2.01 and $45.90 over the past 52 weeks, according to InvestingPro data.
The six-member board includes Mihir Dange as Board Chair, who also serves as the company’s CEO, and Anne Anderson as Lead Independent Director, a former Shell executive with experience in aviation fuels. Other directors include Sanford Cockrell, former Deloitte board member; Si-Yeon Kim, a global executive with aviation decarbonization expertise; Carter McCain, an attorney specializing in international business transactions; and Wray Thorn, a partner at Focus Impact Partners. The company faces significant financial challenges, with an Altman Z-Score of 0.06 and a current ratio near zero, suggesting potential liquidity concerns according to InvestingPro metrics.
"Our Board has built, scaled, and governed business at the highest level and will be instrumental as we advance our mission to lead the decarbonization of the aviation industry," said Dange in the press release.
The company plans to expand the board to nine members in the future, potentially adding Carl Stanton, currently a Board Observer, and Gregory R. Surette, XCF’s Chief Strategy Officer, along with an additional director.
The appointments follow XCF Global’s business combination with Focus Impact BH3 Acquisition Company. The company is developing SAF production facilities and building partnerships across energy and transportation sectors to promote SAF adoption.
Additional details about the board appointments are available in the company’s Current Report on Form 8-K filed with the SEC on June 12, 2025. With the company’s next earnings report due on August 12, 2025, investors seeking deeper insights into XCF Global’s financial health and growth prospects can access additional analysis and 12+ exclusive ProTips through InvestingPro.
In other recent news, XCF Global, Inc. has made significant strides following its debut on the Nasdaq Capital Market. The company, which focuses on Synthetic Aviation Fuel (SAF), began trading after completing a business combination with Focus Impact BH3 Acquisition Company. XCF’s public listing is aimed at accelerating its SAF platform and enhancing production capabilities to meet the growing demand for sustainable aviation fuel. In addition to its market debut, XCF Global has entered into several promissory notes with entities such as GL SPV Part I LLC and Innovativ Media Group, Inc., tied to specific financial conditions. The company also extended its Business Combination Agreement termination date to June 30, 2025, and secured an equity line of credit agreement with Helena Global Investment Opportunities I Ltd for up to $50 million in stock issuance. Executive changes include the appointment of Pamela M. Abowd as Chief Accounting Officer and Jonathan Seeley as Vice President, Treasurer. XCF’s Reno, Nevada production facility has been converted to produce SAF and renewable diesel, although the company is addressing financial challenges related to outstanding loans and lease payments. These developments reflect XCF’s efforts to expand its presence in the sustainable aviation fuel industry.
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