XCF Global issues 500,000 shares as commitment fee in unregistered sale tied to Abri loan
Reuters2026/08/18 20:07Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- XCF Global entered a $666,666 senior secured loan with Abri Capital featuring a 25% original issue discount, yielding USD 500,000 proceeds.
- Non-refundable commitment fee issued as 500,000 Class A common shares in an unregistered sale under Section 4(a)(2) and Rule 506(b).
- Note carries 10% annual interest, payable monthly and at maturity on Aug. 20, 2026; default interest set at 18%.
- Company must reserve 5,000,000 authorized but unissued shares as default penalty shares, issuable immediately upon an event of default.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCF Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-039009), on August 18, 2026, and is solely responsible for the information contained therein.
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