09:04 AM EDT, 07/28/2025 (MT Newswires) -- XCF Global ( SAFX ) said Monday it has signed an exclusive, non-binding indication of interest to acquire a renewable fuels infrastructure firm in the western US.

XCF said it plans to issue Class A shares for 100% of the target company, with the final valuation subject to confirmatory due diligence.

If the deal is complected, XCF said it intends to integrate the company's pretreatment, feedstock and logistics infrastructure, including marine, truck, and rail access, and its advantageous proximity to major transportation networks, to serve high-demand synthetic aviation fuel markets.

The indication of interest calls for a 20-business day exclusive negotiation period, during which XCF and the target firm will complete confirmatory diligence and negotiate an offer. Definitive agreements are expected to be completed in the coming months, the company said.

XCF Global ( SAFX ) shares were 1.7% higher in premarket trading.