XCF Global Soars 38.82% on New Board, Decarbonization Push

Before the BellThursday, Jun 19, 2025 4:55 am ET

1min read

SAFX--

On June 19, 2025, XCF Global's stock price surged by 38.82% in pre-market trading, marking a significant rise that has captured the attention of investors and analysts alike.

XCF Global's recent stock price volatility can be attributed to several key developments. On June 17, 2025, the company experienced a dramatic surge of 94.57% in pre-market trading, following the appointment of a new Board of Directors. This new board, which includes experienced professionals from various sectors, aims to guide the company's growth in synthetic aviation fuel production and enhance its strategic initiatives in the decarbonization of aviation.

The new Board of Directors includes Mihir Dange as the Board Chair and CEO, along with notable figures such as Anne Anderson from

Shell

and Sanford Cockrell from Deloitte. Their expertise in corporate governance and scaling businesses is expected to bolster XCF's strategic initiatives and ensure compliance with Nasdaq's independence rules. The market's reaction to these appointments suggests that investors are closely monitoring the company's strategic direction and leadership changes, which could impact its future performance.

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