XCF Global amends senior secured notes with Abri Capital, Hollywood Horizons, drops 5,000,000 default-share penalty - SAFX News | RalliesXCF Global amends senior secured notes with Abri Capital, Hollywood Horizons, drops 5,000,000 default-share penalty
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SAFX• Senior secured notes and commitment fees
- XCF Global entered a $400,000 senior secured 25% original issue discount promissory note with Hollywood Horizons on July 16, 2026.
- Purchase price was $300,000 due to the 25% original issue discount; included a non-refundable 500,000-share commitment fee.
- Signed a $666,666 senior secured 25% original issue discount promissory note with Abri Capital on Aug. 12, 2026.
- Purchase price was $500,000; included a non-refundable 500,000-share commitment fee.
Omnibus amendment removed default-share penalty
- Omnibus amendment effective Sept. 4, 2026 removed obligations tied to 5,000,000 penalty-of-default shares; set $150,000 fee payable to Brown Stone.
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