Dilution profile // every instrument, one screen, from SEC filings

XCF Global, Inc. (SAFX)

CIK 2019793 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$300M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
LOWwarrants = 6% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+410816796% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
HIGH~0.2 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2025-05-292026-08-14

Latest: 410.8M shares as of Aug 14, 2026 (10-Q).

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool

Warrants

TrancheWarrantsExercise priceTermNotes
Public Warrants11.5Mnot tagged—FV $121.9M
Private Placement Warrants6.4Mnot tagged—FV $88.8M
Warrant100,000$0.21——

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 17, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 22.7M underlying shares, as reported Jan 31, 2026 (S-4).

Rough fully diluted estimate: 433.5M = 410.8M O/S + 22.7M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

Convertible debt on the balance sheet: $45,000 as of Jun 30, 2026, tagged only as a company-wide total.

Reported conversion price: $0.451 (aggregate figure as tagged; individual notes can vary).

This filer tagged totals without per-note dimensions in its 10-Q filed Aug 17, 2026 →, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding410.8MAug 14, 2026
+ Public Warrants (if exercised)11.5MJun 6, 2025
+ Private Placement Warrants (if exercised)6.4MJun 6, 2025
+ Warrant (if exercised)100,000Jun 12, 2026
+ Convertible debt (aggregate carrying / conversion price) (if fully converted)99,778.271Jun 30, 2026
Fully diluted estimate428.9M+4.4% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $300.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Sep 15, 2026$300.0M registeredfiling →

Last 12 months: 11 executed · 7 registered.

UPDATESep 23, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVESep 22, 2026SEC declared a registration effective — selling can beginEFFECT →
EFFECTIVESep 21, 2026SEC declared a registration effective — selling can beginEFFECT →
EXECUTEDSep 16, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
REGISTEREDSep 15, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
WITHDRAWNSep 14, 2026Registration withdrawnRW →
EXECUTEDSep 14, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATESep 14, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
REGISTEREDSep 10, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
WITHDRAWNSep 10, 2026Registration withdrawnRW →
EFFECTIVEAug 27, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDAug 19, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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