SAFX Enters Agreements for $2.3M in Financing with $99M Warrant Option

XCF Global, Inc. (SAFX) has entered into a series of financing agreements to raise capital. These include a securities purchase agreement, a warrant purchase agreement with its largest shareholder, and a short-term senior secured promissory note. The agreements provide approximately $2.3 million in near-term funding with a potential for up to $99 million in additional capital through warrants.

Key Details

• Warrant Agreement: Entered into a warrant purchase agreement with GL PART SPV II, LLC, an entity controlled by its largest shareholder. The agreement includes an initial $1 million sale of warrants to purchase 6.9 million shares, with an investor option to buy up to an additional $99 million in warrants before December 31, 2026. The warrants have an exercise price of $2.50 per share.
• Securities Purchase: Executed a securities purchase agreement with Lombard Street Partners, LLC to sell 6,666,667 shares of common stock for total proceeds of approximately $1 million, or $0.15 per share.
• Secured Note: Obtained a $300,000 short-term loan through a $400,000 senior secured note with Hollywood Horizons, Inc. The note has a 25% original issue discount, bears a 10% annual interest rate, and has a 60-day term. As part of the agreement, SAFX issued 500,000 common shares as a commitment fee.