XCF Global issues 500,000 shares as commitment fee in unregistered sale tied to Abri loan
SAFX•Abri loan and share issuance
XCF Global entered a $666,666 senior secured loan with Abri Capital featuring a 25% original issue discount, yielding $500,000 in proceeds.
The non-refundable commitment fee was issued as 500,000 Class A common shares in an unregistered sale under Section 4(a)(2) and Rule 506(b).
The note carries 10% annual interest, payable monthly and at maturity on Aug. 20, 2026; default interest is set at 18%.
The company must reserve 5,000,000 authorized but unissued shares as default penalty shares, issuable immediately upon an event of default.
