UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On October 9, 2025, XCF Global, Inc. (“XCF” or the “Company”) entered into a binding term sheet with New Rise Australia Pty. Ltd. (“New Rise Australia”) to establish the principal terms for a strategic licensing and development partnership in Australia. Under the term sheet, XCF will grant New Rise Australia an exclusive license to utilize XCF’s engineering designs, facility layouts, process configurations, and related know-how for the development, construction, and operation of renewable fuel production facilities within Australia with a focus on sustainable aviation fuel (“SAF”) and renewable diesel. The license will have an initial term of 15 years and may be renewed for additional five-year periods based on the achievement of defined performance milestones. Milestones to include the development of at least three SAF production facilities in Australia within the initial 15-year term, with formal progress checkpoints. Achievement of performance milestones including the completion of Front-End Engineering Design (FEED) work with full scope to be included in the Definitive Agreement.
As part of the overall structure, XCF will hold a 12.5% non-dilutable equity ownership interest in New Rise Australia to align long-term commercial interests and facilitate continued collaboration. The arrangement also provides for XCF to receive licensing fees equal to 12.5% of net profit achievement, to be defined in the definitive agreement. Governance and oversight provisions will provide XCF with board representation and defined participation and information rights to ensure alignment with the Company’s standards. XCF will retain ownership of all intellectual property and any improvements developed under the relationship.
The term sheet represents a binding commitment by both parties to negotiate and execute a definitive agreement that will formalize these terms. The parties intend to complete the definitive agreement within 60 days, subject to customary due diligence, approvals, and closing conditions.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated negotiation and execution of a definitive agreement, the potential development of renewable fuel facilities in Australia, and the expected benefits of the proposed relationship. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors that could affect actual outcomes include the ability of the parties to finalize definitive documentation, obtain required approvals, and satisfy customary closing conditions. The Company undertakes no obligation to update forward-looking statements, except as required by law.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| XCF GLOBAL, INC. | ||
| By: | /s/ Mihir Dange | |
| Name: | Mihir Dange | |
| Title: | Chief Executive Officer | |
Date: October 15, 2025
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