secwatch.observer — SEC 8-K summary
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Issuer:     XCF Global, Inc. (SAFX)
CIK:        0002019793
Form:       8-K
Filed at:   2026-05-12T21:09:30+00:00
Accession:  0001493152-26-022526
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XCF Global settles $16.7M debt with Encore DEC via 37M share issuance at $0.451/share
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- $16.7M accounts payable and property liens settled by issuing 37,033,386 Class A shares at $0.451/share.
- Encore DEC is 100% owned by majority shareholder Randy Soule; transaction is a related-party settlement.
- Issuance increases Soule's beneficial ownership to approximately 30.56% of outstanding Class A common stock.
- Debt and liens fully discharged upon share issuance; no further amounts owed.
- CEO Chris Cooper states agreement improves balance sheet and demonstrates key stakeholder confidence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226022526/0001493152-26-022526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2019793/000149315226022526/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022526

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer