XCF Global to Buy Paramount, CA Renewable Fuel Plant for $10M Cash Plus $50M Deferred
SAFX sits 32% above its 52-week low of $0.119.
Summary
XCF Global signed a definitive deal to acquire Air Products' Paramount, California renewable fuel plant for $10 million cash at closing plus a $50 million deferred payment due 36 months later, targeting a 9-12 month restart and $40 million of annual EBITDA.
Key Events · M&A and Partnerships · SAFX
-
Definitive Deal for Paramount Plant
XCF's New Rise Renewables Paramount subsidiary will acquire Air Products Manufacturing LLC's Paramount, California renewable fuel facility, adding about 50 million annual gallons of SAF, renewable diesel and renewable naphtha capacity near LAX.
-
$10M Cash Plus $50M Deferred
Purchase price is $10,000,000 cash at closing plus a $50,000,000 base deferred payment, prepayable without premium; payments before the 24-month mark reduce the base by a declining factor, and the balance plus interest is due 36 months after closing.
-
Restart Cost and Management Targets
XCF expects to invest roughly $30 million during a 9-12 month restart and targets $600 million gross product sales, $100 million net revenue and $40 million EBITDA annually once running.
-
Closing Deadline December 15, 2026
Closing requires insurance binders and satisfaction of customary conditions, with an outside date of December 15, 2026 and a one-time 15-day extension; the company expects to close before the end of 2026.
Analysis · SAFX · Industrial Applications And Services
XCF is adding roughly 50 million gallons a year of SAF, renewable diesel and renewable naphtha capacity by acquiring Air Products' Paramount, California facility — the first US commercial-scale renewable jet-fuel plant, sited near LAX. The headline price is modest up front: $10 million cash at closing, with a $50 million base deferred payment not due until 36 months after closing and prepayable at a discount factor before the 24-month mark. That structure matters because XCF carries a going-concern warning and a $238 million working capital deficit per its Q2 10-Q, so the near-term cash burden is limited but the company still expects to spend about $30 million on the 9-12 month restart. Management's targets of $600 million gross product sales, $100 million net revenue and $40 million EBITDA are aspirational and depend on closing, financing and a successful restart. Closing is targeted before year-end, with a December 15, 2026 outside date and a one-time 15-day extension.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 36.8% of the 1025 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. 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 $66.2M. The 52-week trading range was $0.12 to $1.27. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.