XCF Global shares drop as CEO takes on chair role ahead of Nasdaq deadline
XCF Global Inc. shares fell about 8.5% to $0.4028 late Friday morning as the company named CEO Chris Cooper board chair and investors watched a looming Nasdaq delisting deadline. The stock has until June 8 to close above $1 for 10 straight days to regain compliance. XCF is preparing to restart its Reno refinery, targeting early June production. First-quarter net loss was $17.8 million on revenue of $348,688.