debt
confidence high
sentiment neutral
materiality 0.72
XCF Global, Inc. (SAFX): debt financing — XCF Global enters convertible note financing for up to $7.5M; initial $2M drawn
XCF Global, Inc.
- Convertible Note Purchase Agreement with EEME Energy SPV I LLC for up to $7.5M aggregate principal; initial closing of $2M on July 29, 2025.
- Notes convertible at 90-95% of 5-day VWAP; 13.3% upfront interest paid in shares.
- Issued 750k arrangement fee shares and 200k advisory fee shares to EEME Energy.
- EEME Energy is affiliate of Majique Ladnier, who also controls GL Entities; pro forma combined ownership ~18.3% of SAFX.
- Notes and conversion shares are unregistered, sold under Rule 506 of Regulation D.