STOCK TITAN

XCF Global swaps $840K debt for 3.5M shares

XCF Global restructures high-cost secured notes and converts $840,000 of Narrow Road debt into 3,500,000 common shares.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

XCF Global, Inc. (SAFX) amended several financing arrangements and converted legacy debt into equity. Earlier in 2026 it entered into senior secured loans with Hollywood Horizons for $400,000 and Abri Capital for $666,666, each with a 25% Original Issue Discount and a 500,000‑share commitment fee.

Effective September 4, 2026, an Omnibus Amendment with Hollywood, Abri and Brown Stone removed all obligations tied to 5,000,000 Penalty of Default Shares, reduced Abri’s conversion feature to $66,666.70 of principal convertible into 666,667 shares at $0.10, modified maturity, interest and mandatory revenue prepayments, and required a $150,000 cash amendment fee to Brown Stone.

Also effective September 4, 2026, a Debt Conversion Agreement with Narrow Road Capital converted $840,000 outstanding under a prior $700,000 promissory note into 3,500,000 common shares at $0.24 per share, in full satisfaction of all amounts due under that note.

Positive

  • $840,000 owed under the Narrow Road promissory note is fully satisfied through conversion into equity, reducing outstanding debt obligations.
  • The Omnibus Amendment removes obligations related to 5,000,000 Penalty of Default Shares, eliminating a potentially large equity penalty overhang.

Negative

  • The senior secured Hollywood and Abri loans carry a 25% Original Issue Discount, making this a relatively expensive source of financing.
  • The Omnibus Amendment requires the Company to pay Brown Stone an aggregate $150,000 amendment arrangement fee in cash, on top of existing note obligations.
  • Equity issuance under the Narrow Road conversion and commitment fees totals several million shares, increasing the Company’s share count.

Filing Explained

Effective debt changes create a $100,000 immediate cash obligation and retain share-conversion mechanics that can dilute existing holders.

The effective amendment creates a two-stage cash obligation: $100,000 immediately as a condition of effectiveness and $50,000 when the notes are finally paid or otherwise satisfied.

The Narrow Road conversion and Abri cap are share-based debt mechanics rather than cash repayment terms; if the stated shares are issued, additional shares would reduce existing holders’ percentage ownership absent offsetting changes.

The latest reported cash balance was $329,084 at June 30, 2026; the $100,000 immediate fee is therefore a specified cash use against that balance, although the balance predates September 4, 2026.

The remaining $50,000 becomes due at final payment or other full satisfaction of the notes, tying that cash obligation to a later debt milestone.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Hollywood senior secured loan principal $400,000 Principal amount under the Hollywood Note and Security Agreement
Abri senior secured loan principal $666,666 Principal amount under the Abri Note and Security Agreement
Original Issue Discount rate 25% Discount on both Hollywood and Abri senior secured promissory notes
Abri amended conversion amount $66,666.70 Maximum principal now convertible into common stock under Abri note
Abri amended conversion shares 666,667 shares Maximum shares issuable to Abri at $0.10 conversion price
Brown Stone amendment arrangement fee $150,000 Amendment fee payable in cash under the Omnibus Amendment
Narrow Road converted amount $840,000 Total due converted into common stock under the Debt Conversion Agreement
Shares issued to Narrow Road 3,500,000 shares Common stock issued at $0.24 per share in full satisfaction of Narrow Road note
Original Issue Discount financial
"entered into a Senior Secured 25% Original Issue Discount Promissory Note"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
senior secured loan financial
"pursuant to which the Company entered into a $400,000 senior secured loan"
A senior secured loan is a type of company loan that has first priority to be repaid and is backed by specific company assets as collateral, so lenders can seize or sell those assets if the borrower defaults. For investors, that priority and collateral make these loans safer than unsecured debt, usually meaning lower interest rates and stronger recovery prospects in a default — similar to how a mortgage has first claim on a house while a credit card does not.
Event of Default financial
"upon the occurrence and during the continuance of any Event of Default"
An event of default is a specific breach of a loan or bond agreement—such as missed payments or breaking agreed rules—that gives lenders the legal right to act, for example by demanding immediate repayment, seizing collateral, or accelerating other obligations. For investors, it’s a red flag because it can sharply reduce a company’s ability to operate or raise money, like a car lender repossessing a vehicle after missed payments, and often leads to falling share or bond prices.
Mandatory Pre-Payments from Revenue financial
"amended the Mandatory Pre-Payments from Revenue"
Debt Conversion Agreement financial
"The Company and Narrow Road entered into a Debt Conversion Agreement"

FAQ

What material agreements did XCF Global, Inc. (SAFX) amend on September 4, 2026?

On September 4, 2026, XCF Global entered into an Omnibus Amendment with Hollywood, Abri and Brown Stone to modify senior secured promissory notes, and a separate Debt Conversion Agreement with Narrow Road Capital converting outstanding debt into common stock.

What are the key terms of XCF Global’s senior secured loans with Hollywood and Abri?

The Company entered into a $400,000 senior secured loan with Hollywood and a $666,666 senior secured loan with Abri, each with a 25% Original Issue Discount, resulting in purchase prices of $300,000 and $500,000, plus a 500,000‑share non‑refundable commitment fee to each lender.

How did the Omnibus Amendment change Abri Capital’s conversion rights in SAFX?

After the Omnibus Amendment, Abri may elect to convert up to $66,666.70 of outstanding principal on its note into up to 666,667 shares of XCF Global common stock at a $0.10 conversion price per share, subject to the note’s terms.

What happened to the 5,000,000 Penalty of Default Shares mentioned by XCF Global (SAFX)?

The Omnibus Amendment expressly removes any obligations related to the authorization, reservation, issuance, registration, delivery, maintenance, top‑up, transfer, sale or other treatment of the 5,000,000 Penalty of Default Shares.

How did XCF Global’s Debt Conversion Agreement with Narrow Road affect its obligations?

Effective September 4, 2026, XCF Global converted $840,000 due under the Narrow Road Promissory Note into 3,500,000 common shares at $0.24 per share, fully satisfying all principal and accrued interest obligations under that note.

What fees does XCF Global (SAFX) owe Brown Stone under the Omnibus Amendment?

XCF Global must pay Brown Stone a $150,000 amendment arrangement fee: $100,000 in immediately available funds on the Omnibus Amendment’s effective date and $50,000 in immediately available funds concurrently with final payment or satisfaction in full of the notes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0002019793 0002019793 2026-09-04 2026-09-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 4, 2026

 

XCF GLOBAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-42687   33-4582264

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

3040 Post Oak Blvd.

 

Floor 18 Suite 164    
Houston, Texas   77056
(Address of principal executive offices)   (Zip Code)

 

(346) 630-4724

(Registrant’s telephone number, including area code)

 

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading Symbol(s)

 

Name of each exchange on which registered

Class A Common Stock   SAFX   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

Amendment to Short-Term Notes

 

Hollywood Horizons, Inc.

 

On July 16, 2026, the Company entered into a Senior Secured 25% Original Issue Discount Promissory Note and Security Agreement (the “Hollywood Note and Security Agreement”) with Hollywood Horizons, Inc. (“Hollywood”) pursuant to which the Company entered into a $400,000 senior secured loan with a 25% original issue discount, resulting in a purchase price of $300,000. The Company agreed to issue a non-refundable Commitment Fee of 500,000 shares pursuant to the Hollywood Note and Security Agreement.

 

Abri Capital Limited

 

On August 12, 2026, the Company entered into a Senior Secured 25% Original Issue Discount Promissory Note and Security Agreement (the “Abri Note and Security Agreement” and together, with the Hollywood Note and Security Agreement, the “Agreements”) with Abri Capital Limited (“Abri”) pursuant to which the Company entered into a $666,666 senior secured loan with a 25% original issue discount, resulting in a purchase price of $500,000. The Company agreed to issue a non-refundable Commitment Fee of 500,000 shares pursuant to the Abri Note and Security Agreement.

 

The Abri Note and Security Agreement also provided, that upon the occurrence and during the continuance of any Event of Default under this Note, Abri shall have the absolute and unconditional right, exercisable at any time and from time to time in its sole discretion by written notice to the Company, to convert all or any portion of the then-outstanding principal amount, together with any accrued and unpaid interest and any other amounts then due and payable thereunder, into shares of the Company’s Common Stock at a conversion price of $0.10 per share (the “Conversion Shares”).

 

Effective September 4, 2026, the Company entered into an Omnibus Amendment to Senior Secured Promissory Notes (the “Omnibus Amendment”), by and between the Company, Brown Stone Capital, Inc. (“Brown Stone”), Abri and Hollywood, to amend the Agreements to remove any and all obligations related to the authorization, reservation, issuance, registration, delivery, maintenance, top-up, transfer, sale or other treatment of the 5,000,000 Penalty of Default Shares. The Company and Abri additionally reduced the Conversion Shares in which Abri could elect to convert up to an aggregate of $66,666.70 of the outstanding principal of the Abri Note into up to 666,667 shares of the Company’s Common Stock at a conversion price of $0.10 per share.

 

The Omnibus Amendment also (i) amended the Maturity Date; (ii) amended the Interest Payments; (iii) amended the Mandatory Pre-Payments from Revenue; and (iv) obligated the Company to pay Brown Stone an aggregate amendment arrangement fee of $150,000, consisting of (a) $100,000 in immediately available funds on the Effective Date as a condition to the effectiveness of the Omnibus Amendment and (b) $50,000 in immediately available funds concurrently with the final payment or other satisfaction in full of the notes. The fee is separate from, shall not reduce, and shall not be credited against any amount owing under the notes.

 

The foregoing description of the Omnibus Amendment to Senior Secured Promissory Notes does not purport to be complete and is qualified in its entirety by the terms and conditions thereof, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated into this Item 1.01 by reference.

 

Amendment to Narrow Road Promissory Note.

 

As previously disclosed, on May 1, 2025, XCF Global Capital, Inc., the Company’s predecessor, and Narrow Road Capital Ltd (“Narrow Road”) entered into a promissory note with a principal amount of $700,000 (the “Narrow Road Promissory Note”). The Company and Narrow Road entered into a Debt Conversion Agreement (the “Conversion Agreement”), effective September 4, 2026 (the “Effective Date”), which provides for the termination of the Narrow Road Promissory Note and converts the $840,000 (the “Converted Amount”) due under the Promissory Note into 3,500,000 shares of Common Stock at a conversion price (the “Conversion Price”) of $0.24 per share, in full satisfaction of all amounts, due, owing or outstanding under the Narrow Road Promissory Note, including all outstanding principal and accrued interest on the Narrow Road Promissory Note, as of the Effective Date.

 

The foregoing description of the Conversion Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions thereof, which is filed as Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated into this Item 1.01 by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit No.   Description
10.1   Omnibus Amendment to Senior Secured Promissory Notes, effective September 4, 2026, by and between the Company, Hollywood, Abri and Brown Stone.
10.2   Debt Conversion Agreement, effective September 4, 2026, by and between the Company and Narrow Road.
104   Cover page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: September 8, 2026  
  XCF GLOBAL, INC.
   
  By: /s/ Christopher Cooper
  Name: Christopher Cooper
  Title: Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

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