XCF Global to issue 37M shares to Encore DEC, settling $16.7M debt and liens

XCF Global, Inc.

Settles ~$16.7M of accounts payable and property liens with Encore DEC via 37M shares of Class A common stock at $0.451/share.
Post-conversion, Randy Soule (Encore owner) will beneficially own ~30.56% of XCF's outstanding Class A common stock.
The company also secured a forbearance arrangement with its landowner to enhance financial flexibility.
The agreement fully satisfies the payable balance and eliminates all property liens on the New Rise Reno facility.
CEO Chris Cooper states the transaction shows continued progress on financial priorities and stakeholder confidence.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

XCF Global, Inc. entered into Encore Agreement with Encore DEC, LLC valued at approximately $16.7 million (effective 2026-05-06).

Action: entry
Agreement: settlement
Counterparty: Encore DEC, LLC
Value: approximately $16.7 million
Effective: 2026-05-06

Exact text from the filing

On May 6, 2026, the Company, New Rise Renewables Reno, LLC (“ New Rise Reno ”), a subsidiary of the Company, and Encore DEC, LLC (“ Encore ”) entered into a payable acknowledgement and settlement agreement (the “ Encore Agreement ”), pursuant to which approximately $16.7 million of outstanding accounts payable due to Encore DEC will be settled through the issuance of 37,033,386 shares of the Company’s Class A Common Stock

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

XCF Global, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-022736

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.