XCF avoids ground-lease default; issues 4M shares to landlord; 2027 revenue target $110-120M

XCF Global, Inc.

New Rise Reno subsidiary entered forbearance with landlord Twain through Jan 1, 2027, avoiding default on ground lease.
XCF issued 4,000,000 shares to Twain as consideration; proceeds from share sales credited against owed amounts.
New Rise Reno produced >2.5M gallons since March 2025; targeting return to operations in June 2026 after upgrade.
XCF targets 2027 net revenue of $110-120M, EBITDA $65-70M, and renewable fuel production of 40-43M gallons.
Signed binding term sheet with BGN for SAF offtake; business combination agreement with Southern Energy/DevvStream pending.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

XCF Global, Inc. issued 4,000,000 shares of common stock to Twain GL XXVIII, LLC.

Security: common stock
Shares: 4,000,000 shares
Purchaser: Twain GL XXVIII, LLC

Exact text from the filing

In consideration of Twain’s forbearance, XCF agreed to issue 4,000,000 shares of XCF Common Stock (the “ 2026 Landlord Shares ”) to Twain and agreed to use its reasonable best efforts to file a registration statement on appropriate form with the SEC to register the 2026 Landlord Shares for resale.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XCF Global, Inc. entered into 2026 Twain Forbearance Agreement with Twain GL XXVIII, LLC (effective 2026-04-29).

Action: entry
Counterparty: Twain GL XXVIII, LLC
Effective: 2026-04-29

Exact text from the filing

On April 29, 2026, New Rise Renewables Reno, LLC (“ New Rise Reno ”), a subsidiary of XCF Global, Inc. (“ XCF ” or the “ Company ”), and Twain GL XXVIII, LLC (“ Twain ”) entered into a Forbearance Agreement (the “ 2026 Twain Forbearance Agreement ”)

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XCF Global, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021161

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