XCF Global swaps $16.7 million debt for 37 million shares in Encore DEC deal

XCF Global, Inc. Class A

XCF Global, Inc. Class A

SAFX

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  • XCF Global agreed to settle about $16.7 million of debt and property liens tied to its New Rise Renewables Reno facility through issuance of 37,030,000 Class A common shares to Encore DEC and related construction creditors.
  • Shares will be issued at a $0.45 conversion price, based on a formula tied to recent closing prices.
  • Transaction eliminates the payable balance and related liens, lifting equity capitalization and reducing leverage.


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 ACCESS Newswire (Ref. ID: 202605120630ACCESSWRNAPR_____1166081) on May 12, 2026, and is solely responsible for the information contained therein.

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