XCF Global entered an at-the-market equity distribution agreement to sell up to $100 million of Class A common stock.
Roth Capital Partners and H.C. Wainwright will act as sales agents; commissions are up to 3% of gross proceeds.
Net proceeds are earmarked for working capital and general corporate purposes.
The company can terminate the agreement with five days’ written notice, and Roth has similar termination rights, with immediate termination in certain events.
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