Project De‑SPAC · Investor Preview

Strategic formation of the SPV

A premier opportunity in aviation fuel: using DM‑XTech’s tLCAF+ platform as the anchor asset for a high‑growth NASDAQ listing via Joint Venture.

tLCAF+ Aviation fuel anchor asset EU 2024/2493 Non‑CO₂ focus Joint Venture SPV architecture

From “waste‑to‑oil” to a technology‑led, regulatory‑backed aviation fuel platform.

The SPAC route provides the exit. The real value lies in a purpose‑built Special Purpose Vehicle (SPV) that integrates DM‑XTech technology, Nexergy capital, and TRL feedstock into a turnkey, public‑markets vehicle.

NASDAQ‑ready equity story

Tech‑led De‑SPAC architecture

EU/UK aviation compliance focus

The SPV is engineered as a value multiplier: aligning proprietary IP, scalable capital, and secured feedstock into a single, investible platform for the EU and UK aviation markets.

De‑SPAC ecosystem

Target entity: Joint Venture Corporation (JVC)

SPV · Value Multiplier

Tech

DM‑XTech

Proprietary tLCAF+ IP and refinery design.

Value Driver

Capital

Nexergy

Start‑up capital and pyrolysis infrastructure.

Financial Enabler

Supply

TRL

Secured ELT feedstock, UK political support.

Operational Foundation

Tech‑led De‑SPAC architecture

The strategic narrative

The SPAC provides the listing. The SPV provides the durable, technology‑anchored value that investors underwrite.

Constructing the optimal vehicle for a NASDAQ listing

SPV architecture

We are constructing an SPV that is more than a legal wrapper. It is a deliberately engineered vehicle that concentrates three critical components into one equity story: DM‑XTech’s tLCAF+ technology, Nexergy’s scalable capital and infrastructure, and TRL’s secured ELT feedstock.

This structure moves the narrative beyond “commodity waste‑to‑oil” and into a high‑premium, regulatory‑backed aviation fuel play where non‑CO₂ emissions are central to value creation.

The SPV is the mechanism that turns DM‑XTech’s technology into a NASDAQ‑grade, public‑markets asset.

SPAC Exit provides the listing route and liquidity.

SPV Design aligns IP, capital, and feedstock.

NASDAQ‑ Ready tech‑led, regulated aviation fuel story.

From waste processor to green‑tech multiple

Equity re‑rating

In a pure “waste‑to‑oil” framing, valuation is constrained by commodity recycling multiples. By contrast, a technology‑anchored SPV that directly addresses non‑CO₂ aviation effects under EU 2024/2493 can justifiably target green‑tech and sustainable fuel valuations, rather than generic waste processor benchmarks.

DM‑XTech’s tLCAF+ positions the platform where investors want exposure: scalable, drop‑in compatible fuels that address contrails and sulfur‑oxide emissions while leveraging existing infrastructure and certification pathways.

View SPV verdict

Why the SPV is the value multiplier for the tLCAF+ platform.

Jump ahead to the executive verdict on how combining supply, capital, and technology in one entity unlocks the non‑CO₂ aviation opportunity in EU and UK markets.

Investment thesis

A premium, regulatory‑backed aviation fuel play

The SPV reframes DM‑XTech from a commodity recycler into a technology‑led aviation fuel platform, anchored on non‑CO₂ emissions under EU 2024/2493.

From waste processors to green‑tech multiples

Standard waste‑to‑oil projects are typically valued on low‑multiple, volume‑driven economics. By contrast, DM‑XTech’s tLCAF+ is positioned as a next‑generation aviation fuel that:

Uses a 50:50 blend of fossil crude and ELT pyrolysis oil to create a regulatory‑aligned tLCAF+ stream.
Targets the critical non‑CO₂ aviation emissions – contrails and sulfur oxides – that are starting to be explicitly monitored and integrated into EU climate policy under EU 2024/2493.
Leverages DM‑XTech’s broader decarbonized light crude (dLCO) platform, which builds intrinsic decarbonization into the hydrocarbon stream while integrating with existing refining infrastructure.

                  Regulatory moat: non‑CO₂ aviation effects embedded in EU monitoring and reporting frameworks.
                

                  Valuation uplift: aligning with high‑tech green‑energy multiples rather than 5x waste‑processing
                  benchmarks.
                

tLCAF+ targets contrails & SOx, not just CO₂.

EU 2024/2493 explicitly extends to non‑CO₂ aviation effects.

dLCO platform provides a scalable, infrastructure‑ready feedstock base.

Together, these elements allow the SPV to articulate a “sum of the parts” premium: technology IP, secured feedstock, and capital efficiency integrated into one listed entity.

Scroll down next: integrated JVC architecture & De‑SPAC ecosystem

JVC structure · SPAC target

The De‑SPAC ecosystem

Technology, capital infrastructure, and secured supply are aligned inside a Joint Venture Corporation (JVC) designed to be the target entity for a NASDAQ merger.

JVC architecture at a glance

Target entity for NASDAQ merger

Tech

DM‑XTech

Proprietary IP, tLCAF+ processing expertise.

Capital

Nexergy

Start‑up capital and pyrolysis technology infrastructure.

Supply

TRL

ELT feedstock backed by UK political support.

SPV

The JVC

Single, investible platform for the De‑SPAC.