Business Context and Reporting Period
XCF Global, Inc. (SAFX), an emerging growth company incorporated in Delaware, filed this Form 8-K on October 1, 2025. The report details a material definitive agreement entered into by New Rise Renewables Reno, LLC, a wholly owned subsidiary of the Company.
Key Financial Metrics
This filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the terms of a contractual amendment.
Material Changes
On October 1, 2025, the Company's subsidiary, New Rise, executed Amendment No. 9 to its Supply and Offtake Agreement with Phillips 66 Company, originally dated May 23, 2017. Key operational modifications include:
- Title Transfer: Clarification that Phillips 66 retains title to feedstock while stored at the New Rise facility; title transfers to New Rise only when feedstock exits storage tanks and enters process units.
- Reporting and Reconciliation: New Rise must maintain flow-metering equipment, provide daily inventory reports to Phillips 66, and conduct monthly volume reconciliations.
- Reload Rights: Phillips 66 retains a continuing right to require the reloading of feedstock from storage tanks into railcars upon written notice.
- Operational Obligations: New Rise must maintain equipment and procedures for reverse-flow operations at its own expense and permit Phillips 66 reasonable access for inspections.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of general risks beyond the specific operational obligations outlined in the amendment. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the impact of the title transfer timing on inventory accounting and balance sheet classification.
- Assess the potential cost implications of maintaining reverse-flow equipment and procedures.
- Review the historical frequency of Phillips 66 exercising reload rights to gauge operational disruption risks.
- Confirm that all other terms of the original 2017 Agreement remain unchanged as stated.