XCF Global Converts $28 Million Debt to Equity in Stock Issuance

XCF Global Inc. announced that it has entered into a debt settlement agreement with Encore DEC, LLC, a company wholly owned by XCF’s majority shareholder Randy Soule. Under the terms of the agreement, $28 million in outstanding payables owed to Encore for engineering and construction services will be settled through the issuance of 36,779,193 shares of XCF’s Class A Common Stock at a conversion price of $0.7613 per share. Following the transaction, Randall Soule will beneficially own approximately 53.6% of XCF’s outstanding Class A Common Stock. As part of a related support agreement, Encore has agreed not to transfer or otherwise dispose of 35% of its newly issued shares for a specified period. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCF Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025031), on November 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here