XCF Global, Inc. Enters Senior Secured Loans and Amends Terms with Lenders

What Happened XCF Global, Inc. (SAFX) announced new senior secured financings and a later amendment to those notes. On July 16, 2026, the company entered a $400,000 senior secured promissory note with Hollywood Horizons, Inc. with a 25% original issue discount (OID), producing a $300,000 purchase price, and agreed to issue a non‑refundable 500,000‑share commitment fee. On August 12, 2026, XCF entered a $666,666 senior secured note with Abri Capital Limited with a 25% OID (purchase price $500,000) and a 500,000‑share commitment fee. The Abri note initially included a conversion right on Event of Default at $0.10 per share. Effective September 4, 2026, XCF entered an Omnibus Amendment with Hollywood, Abri and Brown Stone Capital to revise terms, remove obligations tied to 5,000,000 “Penalty of Default” shares, reduce Abri’s convertibility, and amend maturity, interest and revenue pre‑payment terms.

Key Details

• Hollywood note (July 16, 2026): $400,000 principal, 25% OID → $300,000 purchase price; 500,000 commitment fee shares.
• Abri note (Aug 12, 2026): $666,666 principal, 25% OID → $500,000 purchase price; 500,000 commitment fee shares.
• Omnibus Amendment (effective Sept 4, 2026): removed obligations related to 5,000,000 Penalty of Default shares; reduced Abri’s conversion rights so Abri may convert up to $66,666.70 of principal into 666,667 shares at $0.10/share.
• Amendment fees: XCF must pay Brown Stone an aggregate $150,000 ( $100,000 immediately as condition to effectiveness; $50,000 upon final payment or satisfaction of the notes). The amendment also changed the notes’ maturity date, interest payments, and mandatory revenue pre‑payments.

Why It Matters These transactions provided XCF with immediate cash proceeds (approximately $300,000 from Hollywood and $500,000 from Abri, before fees) while issuing 1,000,000 commitment‑fee shares up front. The 25% original issue discounts and the required $150,000 amendment fee to Brown Stone increase the effective cost of the financings. The Omnibus Amendment reduced a larger potential dilution (the 5,000,000 penalty shares were removed) and capped Abri’s near‑term conversion exposure to 666,667 shares, but conversion rights and amended payment terms remain important potential sources of future dilution and cash obligations for investors to monitor. Exhibit filings include the Omnibus Amendment (Ex. 10.1) and a related Debt Conversion Agreement (Ex. 10.2).