{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-021159","form_type":"8-K","ticker":null,"cik":"0002035156","company_name":"XCF Global Capital, Inc.","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.750387+00:00","generated_at":"2026-05-20T03:25:38.906294+00:00","sec_items":["1.01","2.03","2.04","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"XCF reports defaults on $112.6M loan and ground lease; CEO resigns, business combo extended to June 30","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-021159","json":"https://secwatch.observer/filing/0001140361-25-021159.json","markdown":"https://secwatch.observer/filing/0001140361-25-021159.md","text":"https://secwatch.observer/filing/0001140361-25-021159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2035156/000114036125021159/0001140361-25-021159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2035156/000114036125021159/ef20049660_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T03:25:38.906294+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d11d0c9e5ac2d77c13414d492048e97c27d77810","claim":"XCF Global Capital, Inc. reported a default on loan of $112,580,000 with Greater Nevada Credit Union.","evidence_excerpt":"operates our existing sustainable aviation fuel (“SAF”) production facility in Reno, Nevada. New Rise Reno has four notes payable outstanding, in aggregate principal amount of $112,580,000, to Greater Nevada Credit Union (“GNCU”), as the successor to Jefferson Financial Federal Credit Union (the “GNCU Loan”). The GNCU Loan was underwritten by certain guarantees","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2035156/000114036125021159/0001140361-25-021159-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$112,580,000"},{"label":"Counterparty","value":"Greater Nevada Credit Union"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"aea635b9c7","claim":"Jonathan Seeley was appointed as Vice President, Treasurer at XCF Global Capital, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2035156/000114036125021159/0001140361-25-021159-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Vice President, Treasurer"}],"fact_type":"executive_change"},{"claim_id":"be0f35ce07","claim":"Pamela M. Abowd was appointed as Chief Accounting Officer at XCF Global Capital, Inc..","evidence_excerpt":"On April 16, 2025, the Company appointed Pamela M. Abowd as its Chief Accounting Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2035156/000114036125021159/0001140361-25-021159-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}