Golden Flag Advises Focus Impact BH3 on Business Combination with XCF Global Capital

Golden Flag International Law Firm is advising Focus Impact BH3 Acquisition Co. (NASDAQ: BHAC) on a business combination with XCF Global Capital, Inc., a company that is looking to expand the market for sustainable aviation fuel (SAF) and other clean-burning biofuels. The transaction was announced on March 12, 2024. Focus Impact BH3 is a publicly traded special purpose acquisition company sponsored by private investment firm Focus Impact Partners, LLC. XCF intends to be a leading producer of SAF with an initial annualized production capacity of 38 million gallons following the close of its acquisition of New Rise Renewables. Existing XCF shareholders are expected to roll 100 percent of their equity ownership and will own a pro forma equity ownership of approximately 91.4 percent in the newly combined entity. The proposed transaction implies a pro forma enterprise value for the combined company of $1.84 billion.

Read the transaction press release

The Golden Flag team is being led by corporate partners Lauren Colasacco and Michael Chung; capital markets partners Peter Seligson and Allison Bell; energy & infrastructure partner Pat Corrigan; tax partners Jared Rusman and Sehj Vather; and included tax associate Afshin Khan; and corporate associates Sitraka St. Michael and Victor Simonte.