Chris Cooper, Chief Executive Officer and Executive Director

Chris Cooper brings over 25 years of experience in the global energy industry. He served as President of Neste U.S. (North America), overseeing regional leadership for renewable products, and as Head of Renewables Trading at BGN, where he led global trading activities for renewable fuels, including Sustainable Aviation Fuel (SAF), renewable diesel, and biogenic feedstocks. Earlier in his career, he held leadership roles at Phillips 66 and Chevron.

William Dale, Chief Financial Officer

William Dale has more than 25 years of experience in capital management, finance, and operations within the energy and infrastructure sectors. Most recently, he served as Chief Financial Officer and Strategic Leader of Newbridge Resources Group LLC, where he built out the corporate finance function and oversaw financial planning, treasury, audits, and SEC reporting. Prior to that, he was Interim Chief Financial Officer of Tally Energy Services LLC, guiding enterprise system implementations and financial reporting. He also served as Chief Financial Officer and Operations Co-Lead at Aqua Terra Water Management LP.

Pamela Abowd, Chief Accounting Officer

Pamela Abowd brings over two decades of leadership experience in corporate accounting, tax, and financial operations across various energy industry sectors, including LNG, upstream, and infrastructure. She managed the post-merger accounting integration between Woodside Energy and Tellurian Inc. and served as Vice President, Corporate Controller and Head of Accounting Operations, and previously as Tax Director, at Tellurian.

Wray Thorn, Interim Board Chair

Wray Thorn is a Partner and Co-Founder of Focus Impact Partners, LLC, and currently serves as the Chief Investment Officer of Focus Impact Acquisition Corp. He is also the Founder and Chief Executive of Clear Heights Capital. From 2012 to 2021, he was the CIO - Private Investments at Two Sigma Investments, demonstrating extensive experience in private equity and capital formation.

Si-Yeon Kim, Non-executive Director; Chairperson, Nominating and Corporate Governance Committee

Si-Yeon Kim is a seasoned corporate board director, private equity advisor, and global risk expert with over 20 years of experience in M&A, private equity, and international operations across travel, payments, industrials, and decarbonization. She has held leadership roles at JP Morgan Chase, American Express Global Business Travel, and Avon.

1. Critical Funding Crisis and Lender Dispute: The company faces a critical funding crisis and a dispute with lenders that could lead to foreclosure. This risk directly threatens the company's financial stability and ability to continue operations.
2. Landlord Dispute and Production Facility Shutdown: XCF Global is involved in a landlord dispute that poses a risk of forcing the shutdown of its primary production facility. A cessation of operations at its main facility would severely impact its ability to produce sustainable aviation fuel.
3. Persistent Net Losses and Nasdaq Delisting Risk: The company has experienced persistent and significant net losses, reporting a net loss of -$12.51 million in the third quarter of 2025, and a net loss of -$127.10 million for the trailing twelve months ending September 30, 2025. Furthermore, XCF Global received a Nasdaq minimum bid price non-compliance notice in December 2025, indicating a risk of delisting if it fails to regain compliance by June 8, 2026. These financial challenges and the potential loss of public market access create significant uncertainty for the company's future.

XCF Global (SAFX) operates primarily in the production of Sustainable Aviation Fuel (SAF). The company is focused on helping the aviation industry achieve net-zero emissions through its SAF production facilities.

The addressable markets for Sustainable Aviation Fuel are significant:

• The global SAF market is projected to exceed $25 billion.
• Looking further ahead, the global SAF market could exceed $250 billion by 2050.
• In the U.S., the SAF market is projected to reach approximately $7 billion by 2030. This represents a substantial increase from an estimated $860 million in 2024, showing a compound annual growth rate (CAGR) of approximately 47%.

Here are 3-5 expected drivers of future revenue growth for XCF Global (SAFX) over the next 2-3 years:

1. Expansion of SAF Production Facilities: XCF Global is actively increasing its Sustainable Aviation Fuel (SAF) production capacity through the expansion of existing facilities and the development of new ones. The flagship New Rise Reno facility began commercial production in February 2025. The company plans to invest close to $1 billion to develop a broader network of SAF facilities, with additional sites projected for Nevada (New Rise Reno 2), North Carolina, and Florida. This includes a $10 million investment to convert and build out the New Rise Renewables Reno facility for SAF production utilizing Axens Vegan hydrotreating technology.
2. Global Market Penetration: XCF Global aims to expand its reach beyond the United States by pursuing an international expansion strategy. This strategy is based on its patent-pending site design, which is intended to enable capital-efficient and scalable deployment of SAF production in global markets. The company has plans for an Australian synthetic fuel venture, with an initial 15-year license term tied to performance milestones, including the development of at least three SAF production facilities in Australia. Furthermore, XCF Global intends to jointly develop global distribution, marketing, and offtake frameworks across Europe, the Middle East, and other strategic markets through a non-binding Memorandum of Understanding (MOU) with BGN INT US LLC.
3. Increasing Demand for Sustainable Aviation Fuel (SAF): The demand for SAF is rapidly growing, driven by regulatory mandates, airline decarbonization targets, and increasing investor interest in low-carbon fuels. The global SAF market is projected to exceed $25 billion by 2030, with demand potentially surpassing 5.5 billion gallons. XCF Global is positioned to capitalize on this expanding market as airlines and the broader aviation industry strive to reduce their carbon footprint.
4. Strategic Partnerships and Business Combinations: XCF Global is forging strategic partnerships and pursuing business combinations to enhance its capabilities and market position. The company has entered into a binding term sheet for a proposed business combination with Southern Energy Renewables Inc. and DevvStream Corp. This combination is anticipated to significantly advance XCF Global's ability to assist airlines in reducing emissions and is expected to strengthen its access to lower-carbon, non-fossil-based solutions, aiding in meeting regulatory requirements and accelerating the availability of SAF options for the aviation sector. Additionally, XCF Global is exploring new revenue streams by converting propane-rich byproduct streams from SAF and renewable diesel production into renewable electricity and food-grade CO2.

Share Issuance

• XCF Global's Class A common stock began trading on Nasdaq on June 9, 2025, following the closing of its business combination with Focus Impact BH3 Acquisition Company.
• In early 2026, shareholders approved the potential issuance of 19.99% or more of the company's common stock to a single investor via a private placement.
• The number of outstanding shares increased by 83.72% in one year.

Inbound Investments

• The business combination with Focus Impact BH3 Acquisition Company in June 2025 enabled XCF Global to become a publicly traded company and facilitated capital inflow.
• A large private placement proposal was approved by shareholders in early 2026, signaling investor confidence and potential capital infusion.
• Agreements were made to convert certain payables and promissory notes into shares of Class A common stock.

Outbound Investments

• XCF Global is pursuing an international expansion strategy, evidenced by a Memorandum of Understanding (MOU) to launch New Rise Australia in partnership with Continual Renewable Ventures for the development of Sustainable Aviation Fuel (SAF) and renewable diesel facilities.

Capital Expenditures

• XCF Global plans to invest nearly $1 billion in Synthetic Aviation Fuel (SAF) production facilities by 2028.
• The company has already invested $350 million in its operational New Rise Reno facility, which commenced commercial production in February 2025.
• The expansion strategy includes three additional U.S. production sites in Reno, Fort Myers, and Wilson, with a goal of achieving a total production capacity of 160 million gallons annually by 2028.