secwatch.observer — SEC 8-K summary
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Issuer:     XCF Global, Inc. (SAFX)
CIK:        0002019793
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001493152-25-019788
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XCF Global (SAFX) enters $1.12M promissory notes, net $1M after $120K OID
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- Entered into two promissory notes totaling $1.12M principal (net proceeds $1M after $120K OID).
- Notes bear no interest except 12% default rate; mature three months from disbursement.
- Disbursement conditioned on filing registration statement for shares under Purchase Agreement with Helena Global.
- Borrower must apply 50% of net proceeds from share sales under Purchase Agreement to repay notes pro rata.
- Negative covenants restrict incurring additional debt (except permitted debt) and creating liens.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2019793/000149315225019788/0001493152-25-019788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2019793/000149315225019788/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-019788

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