XCF Global issues 500,000 shares as commitment fee in Brown Stone financing deal

XCF Global, Inc. Class A

XCF Global, Inc. Class A

SAFX

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  • XCF Global entered a senior secured promissory note with Brown Stone Capital featuring a 25% original issue discount on a USD 1 million loan.
  • Non-refundable commitment fee set at 500,000 Class A common shares, issued in an unregistered sale of equity securities.
  • Required reservation of 5,000,000 authorized but unissued common shares as default-penalty shares, issuable upon an event of default.


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