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- Covenant Violation / Forbearance (new) — Landlord agreed to forbear from exercising remedies related to alleged defaults under ground lease, indicating potential covenant violations and financial stress at subsidiary level.
XCF Global subsidiary in lease default, issues 4M shares to landlord for forbearance
Filed May 4, 2026 · Period ending April 29, 2026 · ~1 min read
Key Changes
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Subsidiary New Rise Reno entered forbearance agreement with landlord Twain after alleged lease defaults. Landlord agreed not to pursue remedies until January 2027.
Item 1.01 verify on EDGAR → -
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Company issued 4 million unregistered common shares to landlord as consideration for forbearance, representing significant dilution. Shares will be registered for resale.
Item 3.02 verify on EDGAR → -
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Proceeds from landlord's share sales will be credited dollar-for-dollar against outstanding principal, interest, and penalties owed under the lease.
Item 1.01 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify