XCF Global, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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Mar 31, 2026 · Filed May 15, 2026
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Legal Proceedings
Item 1. Legal Proceedings
An arbitration claim against the Company with the American Arbitration Association (“AAA”) was formally served on May 14, 2026 pursuant to the Employment Arbitration Rules of AAA, seeking to recover certain amounts pursuant to an employment agreement by and between the Company and Mihir Dange on the basis that XCF failed to honor contractual agreements with its former Chief Executive Officer, Mihir Dange (the “Arbitration Claim”). The Arbitration Claim was filed in addition to a claim filed with the Occupational Safety and Health Administration, under Section 806 of the Sarbanes-Oxley Act of 2002, on April 8, 2026. The Company has held settlement discussions with Mr. Dange. The Company intends to vigorously defend against the Arbitration Claim; however, there can be no assurances that the Company will be successful in any settlement discussions with Mr. Dange or that the Company will be successful in defending against the arbitration claim.
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