EEME Energy SPV I, LLC and Majique Ladnier filed Amendment No. 3 to a Schedule 13D with the SEC on November 3, 2026, disclosing updated beneficial ownership positions in the Class A Common Stock of XCF Global, Inc. and describing recent financing and strategic proposals.

Key Highlights

  • Ladnier beneficial ownership: Majique Ladnier reported sole voting and dispositive power over 270,564,515.60 shares, representing 45.3% of the class, according to the filing.
  • EEME beneficial ownership: EEME Energy SPV I, LLC reported sole voting and dispositive power over 228,897,417.60 shares, representing 38.3% of the class.
  • October 16, 2026 acquisition: EEME acquired 119,397,858 shares upon XCF's acquisition of 100% of the stock of Southern Energy Renewables, Inc. pursuant to a Business Combination Agreement dated April 13, 2026.
  • Source of shares: The filing states shares were acquired by converting promissory notes in the principal amount of $8,400,000 into XCF stock, outright purchases, and payment of an advisory fee.
  • Reverse stock split opposition: The filing states EEME supports the issuer's "recent announcement withdrawing the reverse stock split," having previously noted formal opposition to the proposal.
  • Financing proposals: EEME disclosed it presented the issuer with two separate non-binding senior secured lending proposals from a third-party institutional lender totaling approximately $200 million.

EEME and Ladnier Detail Ownership Stakes and Strategic Proposals for XCF Global

According to Amendment No. 3 to Schedule 13D filed November 3, 2026, two reporting persons - EEME Energy SPV I, LLC and individual Majique Ladnier - updated their beneficial ownership disclosures relating to the Class A Common Stock, par value $0.0001 per share, of XCF Global, Inc. (CUSIP: 98400U103), a Delaware corporation headquartered at 3040 Post Oak Blvd., Houston, Texas 77056. The filing amends and supplements prior Schedule 13D filings that also named GL Part SPV I LLC and GL Part SPV II LLC as reporting persons.

The filing states that on October 16, 2026, EEME acquired 119,397,858 shares of XCF common stock upon XCF's acquisition of 100% of the stock of Southern Energy Renewables, Inc., pursuant to a Business Combination Agreement among XCF Global, Inc., Devvstream Corp., Southern Energy Renewables Inc., Southern Merger Sub Inc., and Devvstream Merger Sub Inc., dated April 13, 2026. Funds used for promissory note conversions and outright stock purchases were, according to the filing, "obtained from loans by investors to EEME."

On purpose of transaction, the filing describes EEME as the "largest shareholder of the Issuer" and states that it "continues to steadfastly support XCF Global, its long-term strategic mission, and its growth objectives" in sustainable aviation fuel and renewable energy. The filing further discloses that EEME presented the issuer with two separate non-binding senior secured lending proposals totaling approximately $200 million from an institutional third-party lender, described as intended to "eliminate balance sheet debt overhang, extinguish legacy liabilities, and fund plant commissioning." The filing also references the issuer's "2027 profitability guidance" as cited by EEME in its stated rationale for opposing the now-withdrawn reverse stock split.

What Was Disclosed

Amendment No. 3 to Schedule 13D discloses that EEME Energy SPV I, LLC and Majique Ladnier hold 38.3% and 45.3% of XCF Global Class A Common Stock, respectively, and describes share acquisition methods, opposition to a now-withdrawn reverse stock split, and two non-binding $100 million debt financing proposals presented to the issuer.