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XCF Global, Inc. (NASDAQ:SAFX), currently trading at $1.78 and down over 82% year-to-date, announced that on Thursday it entered into amendments to two key agreements involving Helena Global Investment Opportunities I Ltd and Randall Soule. The information is based on a press release statement filed with the Securities and Exchange Commission.
According to the filing, XCF Global and Helena executed Amendment No. 1 to a promissory note originally dated May 30, 2025. Under the terms of this amendment, XCF Global and Soule agreed to waive Helena’s obligation to return certain shares of the company’s Class A Common Stock. In exchange, Helena paid XCF Global $2,249,771.14 in cash.
Additionally, XCF Global and Randall Soule amended their Share Issuance Agreement, also originally dated May 30, 2025. As part of this amendment, Soule agreed to return to the company for cancellation certain shares of Class A Common Stock that had previously been issued to him.
The company stated that the amendments and related obligations are further described in exhibits attached to the SEC filing. XCF Global’s Class A Common Stock is listed on The Nasdaq Stock Market LLC under the ticker SAFX.
No further details regarding the number of shares involved or additional terms were disclosed in the filing.
In other recent news, XCF Global announced plans to invest nearly $1 billion to expand its Synthetic Aviation Fuel (SAF) production network. This investment aims to increase the company’s production capacity to approximately 160 million gallons per year by 2028, with new facilities planned in the United States and internationally. The company has already invested $350 million in its operational New Rise Reno facility, which has produced over 2.5 million gallons of renewable fuels since beginning operations. XCF Global is also pursuing international expansion, having signed a Memorandum of Understanding to launch New Rise Australia in partnership with Continual Renewable Ventures. In addition to these developments, XCF Global recently appointed a new Board of Directors following its Nasdaq listing. The board includes Mihir Dange as Chair, along with other members who bring expertise in aviation fuels, international business, and decarbonization. The company is also exploring regional partnerships to deploy its SAF technology globally, focusing on capital-efficient models that retain equity and royalty-based economics. These recent developments highlight XCF Global’s commitment to advancing SAF production and expanding its market presence.
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