With 45.3% voting power and two board seats, Ladnier/EEME now have effective control over SAFX. The remaining $99M warrant capacity through GL II until year-end 2026 is a potential overhang. Monitor for further capital deployment or strategic moves by the controlling group.
Price Chart
Executive Summary
EEME Energy SPV I, LLC and its managing member Majique Ladnier filed an amended Schedule 13D disclosing a significant stake increase in XCF Global (SAFX) following the closing of the Business Combination Agreement with Southern Energy Renewables. EEME acquired 119,397,858 shares upon the deal closing on October 16, 2026, and now beneficially owns 228,897,417.60 shares (38.3% of Class A Common Stock). Ladnier's total beneficial ownership across multiple entities (EEME, GL I, GL II) is 270,564,515.60 shares (45.3%). The filing also notes that XCF appointed two EEME-selected directors to the board, signaling activist escalation and board control.
Key Financial Metrics
Key Facts
- EEME Energy SPV I, LLC now beneficially owns 228,897,417.60 shares of SAFX Class A Common Stock, representing 38.3% of the outstanding shares.
- Majique Ladnier, as sole member of EEME, GL I, and GL II, controls a total of 270,564,515.60 shares (45.3%) of SAFX.
- The stake increase resulted from the conversion of $8,400,000 in promissory notes into shares, outright purchases, and the acquisition of 119,397,858 shares upon the closing of the Business Combination Agreement with Southern Energy Renewables.
- XCF appointed two EEME-selected directors, Chad J. Langley and John Wharton, to the board pursuant to the BCA.
- GL Part SPV II LLC has the right to acquire warrants for up to $99,000,000 of additional SAFX Class A Common Stock until December 31, 2026.
- The Reporting Persons are subject to a 6-month lock-up agreement on shares issued under the BCA.
Financial Impact
EEME acquired 119,397,858 shares upon deal closing; total beneficial ownership valued at an undisclosed amount. The filing notes $8,400,000 in promissory notes converted into shares.
Risk Factors
- Concentrated control by a single activist group may lead to governance conflicts or decisions that disadvantage minority shareholders.
- The $99M warrant overhang through GL II could cause significant dilution if exercised.
- The 6-month lock-up on BCA shares limits near-term selling but does not prevent future dilution or strategic actions.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0002106572-26-000004 |
| Document: 0002106572-26-000004-index.html | 0002106572-26-000004 |
| Document: 0002106572-26-000004.txt | 0002106572-26-000004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13D/A | $0.1551 | awaiting T+60 | — | $0.1570 (−1.23%) |
Oct 26, 2026 today | DEF 14A | $0.1567 | awaiting T+60 | — | $0.1570 (−0.19%) |
Oct 26, 2026 today | 3 | $0.1550 | awaiting T+60 | — | $0.1570 (+1.29%) |
Oct 26, 2026 today | 3 | $0.1479 | awaiting T+60 | — | $0.1570 (+6.15%) |
Oct 23, 2026 3d ago | 8-K | $0.1560 | awaiting T+60 | — | $0.1570 (+0.64%) |
Oct 22, 2026 4d ago | 8-K | $0.1594 | awaiting T+60 | — | $0.1570 (−1.51%) |
Oct 16, 2026 10d ago | SC 13D/A | $0.1565 | awaiting T+60 | — | $0.1570 (+0.32%) |
Sep 24, 2026 4w ago | 425 | $0.3731 | awaiting T+60 | — | $0.1570 (+57.92%) |
Sep 23, 2026 4w ago | EFFECT | $0.4253 | awaiting T+60 | — | $0.1570 (+63.08%) |
Sep 22, 2026 5w ago | EFFECT | $0.4586 | awaiting T+60 | — | $0.1570 (+65.77%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers