XCF Global is trading at $0.35 (-10.57%) after a July 27 preliminary proxy filing regarding the proposed DevvStream business combination weighed on the stock.
- The move extends a sharp five-day slide, with the latest decline coming alongside a broader tech selloff and weakening sentiment across the crypto sector.
- Broader risk-off pressure is adding to the move, with Bitcoin down 2.98% and Ethereum down 3.77%, while the Nasdaq has retreated 1.10%.