debt
confidence high
sentiment neutral
materiality 0.60
XCF Global enters $666,666 senior secured loan with 25% OID from Abri Capital
XCF Global, Inc.
- Loan face amount $666,666, purchase price $500,000 (25% OID); 10% annual interest, maturity Aug 20, 2026.
- Commitment fee of 500,000 shares of Class A common stock; 5,000,000 penalty default shares reserved.
- First-priority security interest in inventory, accounts, environmental attributes, equipment, and proceeds.
- Company discloses delinquent SEC filings and Nasdaq continued-listing notices; existing debt with GNCU and Twain.
- Loan is non-amortizing, no prepayment penalty; default interest 18% per annum.