XCF business combo extended to June 30; $19.3M loan default, $18.5M lease default disclosed

XCF Global, Inc.

Amendment No. 3 extends business combination termination date to June 30, 2025.
XCF entered $50M ELOC with Helena and $2M promissory note (gross, $400k interest) for post-combination financing.
GNCU loan default notice: $112.58M USDA-guaranteed debt; $19.3M past due (excl. $2.1M penalties) as of May 15, 2025.
Twain ground lease default: $18.5M owed ($13.3M lease payments + $5.6M late fees) as of May 15, 2025.
Appointed Pamela Abowd as Chief Accounting Officer on April 16, 2025.

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