XCF Global Seeks Reverse Split to Avoid Nasdaq Delisting
SAFX has more than doubled off its 52-week low of $0.119.
Summary
XCF Global filed a preliminary proxy seeking approval for a reverse stock split of up to 1-for-50 to regain Nasdaq's $1.00 minimum bid price compliance before the December 7, 2026 deadline.
Key Events · Corporate Governance and Compliance · SAFX
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Reverse Split Proposal
Board seeks authority to implement a reverse split between 1-for-2 and 1-for-50, with discretion on ratio and timing.
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Nasdaq Compliance Deadline
Company must regain $1.00 minimum bid price by December 7, 2026; Board targets November 19, 2026 effective date for the split.
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Authorized Share Overhang
Authorized shares increased to 1.7 billion on October 5, 2026; reverse split will not reduce authorized shares, leaving 1.69 billion shares available for future issuance at a 1-for-50 ratio.
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Special Meeting Details
Vote scheduled for November 9, 2026, with record date October 22, 2026; Board recommends voting FOR both proposals.
Analysis · SAFX · Industrial Applications And Services
XCF Global is asking shareholders to approve a reverse stock split of up to 1-for-50 to lift its share price above the $1.00 Nasdaq minimum bid requirement. The company has until December 7, 2026 to regain compliance, and the Board plans to implement the split on November 19, 2026 if approved. With the stock trading at $0.2974, the split is the company's primary tool to avoid delisting. The filing also reveals the authorized share count was recently increased to 1.7 billion, meaning the reverse split will not reduce the massive overhang of authorized but unissued shares — future dilution risk remains high.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 36.5% of the 995 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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 $0.30 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $122.1M. The 52-week trading range was $0.12 to $1.32. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.