XCF Global, Inc. filed a Form 8-K on November 2, 2026, disclosing that its Board of Directors decided not to proceed with a proposed reverse stock split and cancelled the Special Meeting of Stockholders that had been scheduled for November 9, 2026.

Key Highlights

  • Meeting cancelled: The Special Meeting of Stockholders, previously set for November 9, 2026, has been cancelled.
  • Reverse split withdrawn: The Board decided not to proceed with the proposed reverse stock split and discontinued the related proxy solicitation.
  • Nasdaq compliance deadline: According to the filing, XCF has until December 7, 2026, to regain compliance with Nasdaq's minimum bid price requirement.
  • Noncompliance unresolved: The filing states that withdrawal of the reverse stock split proposal "does not resolve the Company's noncompliance."
  • Delisting risk acknowledged: The filing discloses that failure to regain compliance "is expected to result in delisting," which could affect trading liquidity and capital access.
  • Decision basis: The Board cited shareholder feedback and the company's strategic priorities in reaching its decision.

XCF Global Withdraws Reverse Split Proposal Amid Nasdaq Minimum Bid Pressure

XCF Global, Inc. (NASDAQ:SAFX), described in the filing as "a U.S.-based producer of renewable diesel and sustainable aviation fuel," reported that its Board of Directors voted to withdraw the proposed reverse stock split and cancel the related Special Meeting of Stockholders. According to the filing, the Board reached this decision "after considering shareholder feedback and the Company's strategic priorities, with a focus on directing resources toward business execution, financial results, and long-term value creation."

The filing makes clear that cancelling the meeting does not cure the company's existing noncompliance with Nasdaq's minimum bid price requirement. XCF Global disclosed that it has until December 7, 2026, to regain compliance and that there "can be no assurance" it will do so within the applicable period. The filing further states that a failure to regain compliance "is expected to result in delisting," and that such a delisting "could adversely affect trading liquidity, investors' ability to buy or sell the Company's shares and the Company's access to capital."

In place of pursuing the reverse split, the company stated it will direct resources toward what it described as operating and commercial priorities, including "increasing fuel production and shipments, expanding customer relationships, strengthening financial performance and advancing opportunities to grow production capacity." The filing notes that the filing includes forward-looking statements subject to risks and uncertainties, as described in the company's cautionary language and its prior regulatory filings, including its most recent Annual Report on Form 10-K filed March 31, 2026, and its most recent Form 10-Q filed August 17, 2026. The filing was signed by Christopher Cooper, Chief Executive Officer.

What Was Disclosed

XCF Global filed an 8-K on November 2, 2026, announcing the cancellation of its November 9, 2026 stockholder meeting, the withdrawal of a reverse stock split proposal, and the continued risk of Nasdaq delisting if minimum bid price compliance is not restored by December 7, 2026.