XCF Global shares jump 16.49% premarket after announcing strategic merger and binding term sheet with DevvStream.

XCF Global Inc. surged 16.49% in premarket trading following the announcement of a strategic merger and equity deal with DevvStream Corp., as outlined in a binding term sheet signed on January 26, 2026. The company also disclosed that an unnamed investor has agreed to purchase XCF shares to fund near-term operations and support targeted upgrades, signaling improved financial flexibility and operational momentum. These developments, which include a three-way merger framework, suggest a restructuring or expansion strategy aimed at enhancing shareholder value, directly aligning with the stock’s sharp premarket rise.