SAFX Secures $500,000 in Short-Term Financing via Senior Secured Note

XCF Global, Inc. (SAFX) has entered into a senior secured promissory note agreement with Abri Capital Limited to obtain short-term financing. The company received $500,000 in exchange for a note with a principal amount of $666,666, representing a 25% original issue discount, with a maturity date of August 20, 2026.

Key Details

• Loan Terms: The note, dated August 12, 2026, carries a 10% annual interest rate and is due in full on August 20, 2026. In the event of a default, the interest rate increases to 18% per annum.
• Equity Consideration: As part of the agreement, SAFX issued a non-refundable commitment fee of 500,000 shares of its Class A Common Stock to the lender.
• Security & Default Penalty: The loan is secured by a first-priority interest in the company's assets, excluding those of its subsidiaries. Upon an event of default, the company is required to issue an additional 5,000,000 shares to Abri Capital as a penalty.