<a href="https://laohu8.com/S/SAFX">XCF Global Inc</a>. Announces Convertible Note Agreement with EEME Energy, Featuring 13.3% Interest Settlement through Share Conversion
XCF Global Inc. has entered into a Convertible Note Purchase Agreement with EEME Energy SPV I LLC, allowing the issuance and sale of up to $7.5 million in convertible promissory notes. On June 29, 2025, the initial closing saw the issuance of a $2.0 million note to EEME Energy. To settle interest payments, XCF Global will issue shares of Class A Common Stock instead of cash, with the interest set at 13.3% of the principal amount. The conversion prices for these notes and shares are determined by the average VWAP over specified trading days, with different calculations for initial and subsequent closings. This agreement marks a significant financial strategy for XCF Global, highlighting their innovative approach to managing debt and interest payments.
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