Why XCF Global stock is moving today: SAFX rises after Bank of America mandate, Soule discloses 49.6% stake
SAFX shares rose 11.5% premarket after XCF Global hired Bank of America to explore debt financing for a $300 million Nevada plant expansion. A new Schedule 13D showed Randy Soule and Encore DEC now own 49.6% of XCF’s Class A shares after converting $28 million in invoices. XCF faces a Nasdaq minimum-bid deadline of June 8, 2026.
