XCF reports defaults on $112.6M loan and ground lease; CEO resigns, business combo extended to June 30

XCF Global Capital, Inc.

New Rise Reno in default on $112.6M GNCU loan; $19.3M needed to cure, plus $2.1M penalties.
Twain ground lease defaults total $18.5M ($13.3M lease payments + $5.6M penalties).
CEO Randall Soule resigned May 30; CFO James B. Smith also resigned; interim CEO appointed.
Business combination with Focus Impact BH3 extended to June 30, 2025; ELOC up to $50M.
New debt agreements ~$4.4M total: GL ($1.2M+$2.5M), Innovativ $0.5M, Narrow Road $0.7M, Cribb $0.25M, Helena $2.0M.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jonathan Seeley

Vice President, Treasurer

XCF Global Capital, Inc.

Filed: Jun 02, 2025 23:59 UTC

On February 14, 2025, Jonathan Seeley joined the Company as its Vice President, FP&A and Treasury and was appointed Vice President, Treasurer in April 2025.

Appointed

Pamela M. Abowd

Chief Accounting Officer

XCF Global Capital, Inc.

Effective: 2025-04-16
Filed: Jun 02, 2025 23:59 UTC

On April 16, 2025, the Company appointed Pamela M. Abowd as its Chief Accounting Officer.

Source: SEC EDGAR

accession 0001140361-25-021159

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