secwatch.observer — SEC 8-K summary
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Issuer:     XCF Global, Inc. (SAFX)
CIK:        0002019793
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001493152-26-015928
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XCF Global: Phillips 66 terminates offtake agreement; secures BGN term sheet for SAF tolling
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- Phillips 66 terminated Supply and Offtake Agreement with New Rise Reno effective May 1, 2026; has suspended performance and demands setoff.
- XCF signed binding term sheet with BGN for tolling SAF and renewable naphtha at Reno facility and potentially a second future site.
- Term sheet targets 2,264 bpd SAF and 481 bpd renewable naphtha production.
- XCF evaluating financial impact of Phillips 66 termination; seeks definitive BGN tolling agreement within 20 business days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226015928/0001493152-26-015928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226015928/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-015928

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