XCF Global Soars 94.57% After Board Appointments

On June 17, 2025, XCF Global surged by 94.57% in pre-market trading, marking a dramatic turnaround from its recent performance.

On June 16, 2025, XCF Global experienced a significant drop of 10.57% in pre-market trading, reflecting a notable shift in investor sentiment. This decline was attributed to the company's recent appointment of a new Board of Directors following its successful listing on the Nasdaq. The new Board, comprising 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 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.