XCF Global Seeks 1-for-2 to 1-for-50 Reverse Split to Avoid Nasdaq Delisting
SAFX sits 32% above its 52-week low of $0.119.
Summary
XCF Global set a November 9 special meeting to approve a reverse split of 1-for-2 up to 1-for-50, aimed at regaining Nasdaq's $1.00 minimum bid before the December 7, 2026 deadline. Authorized shares stay at 1.7 billion, leaving large room for future issuance.
Key Events · Corporate Governance and Compliance · SAFX
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Reverse Split Put to Shareholder Vote
At a special meeting on November 9, 2026, holders are asked to approve a reverse split of Class A common stock at a ratio of not less than 1-for-2 and not greater than 1-for-50, with the exact ratio left to the board.
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Nasdaq Deadline December 7, 2026
The company received a minimum bid price notice on December 12, 2025, missed the June 8, 2026 cure date, and is now in a second 180-day period ending December 7, 2026. A hearing would not stay a trading suspension.
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Authorized Shares Stay at 1.7 Billion
The split does not reduce the 1,700,000,000 authorized shares against 600,695,766 outstanding as of October 22, 2026, so authorized-but-unissued shares rise sharply and remain available for the $100M at-the-market program, warrant exercises and the 2025 Equity Incentive Plan.
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Board Targets November 19 Effective Date
If approved, the board intends to file the certificate of amendment with an effective date of November 19, 2026, which would put the tenth consecutive trading day at December 4, 2026 — just before the compliance deadline.
Analysis · SAFX · Industrial Applications And Services
With XCF trading below Nasdaq's $1.00 minimum bid and a compliance deadline of December 7, 2026, the company has chosen a reverse split as its fix. The second 180-day period means a hearing would not stay a trading suspension. The board has not committed to a ratio and can abandon the plan. Because authorized shares stay at 1.7 billion while outstanding shares shrink, the split creates far more room to issue stock into a company already carrying a going-concern warning and a $100M at-the-market program. Existing holders therefore bear the dilution risk, even though the split itself does not change ownership percentages.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SAFX was trading at $0.16 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $65.1M. The 52-week trading range was $0.12 to $1.27. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.