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XCF Global Capital, Inc.: material weakness open 577 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
XCF Global Capital, Inc. stated in 2 SEC filings since Sep 26, 2025 that it has one or more material weaknesses in its internal control over financial reporting. The filings gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2025.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed. Succeeded by XCF Global, Inc. (CIK 2019793).
Checked against SEC EDGAR: Oct 29, 2026 · Entry #12513
Causes the company named
Segregation of duties · 2Financial close and reporting · 2ITGC: general · 2Entity-level and governance · 2Tax · 2
Lack of journal entry controls, risk assessment, audit committee, segregation of duties, IT controls, and tax errors.
What the latest filing says
were not effective as of the end of such period because of material weaknesses in internal controls discussed below. For XCF, the following material weaknesses, which were discovered to be material during 2023 and 2024, were present at December 31, 2024: (a) lack of controls for the review and approval of journal entries and (b) lack of formal risk assessment process to reduce the risk of material misstatement and (c) controls not designed to ensure the financial reporting process operates effectively and (d) inappropriate design and operation of IT general controls and (e) there were errors in the calculation, presentation, and disclosure of deferred taxes. As of June 30, 2025, none of these items have been remediated. Our remediation plans regarding the material weaknesses are addressed below. 40 The Company is in the process of integrating New Rise into its overall internal control framework. New Rise had the following material weaknesses, which were discovered to be material in 2023 and 2024; (a) no functioning audit committee and (b) lack of segregation of duties within the acc [...]
From the controls section of the 10-Q filed Nov 13, 2025. Read the full filing on SEC EDGAR.
Company response: XCF Global Capital, Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Nov 13, 2025 | 10-Q | Jun 30, 2025 | Material weakness stated, no ICFR conclusion | Segregation of duties; Financial close and reporting; ITGC: general; Entity-level and governance; Tax | EDGAR |
| Sep 26, 2025 | 10-Q | Mar 31, 2025 | Material weakness stated, no ICFR conclusion | Segregation of duties; Financial close and reporting; ITGC: general; Entity-level and governance; Tax | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 2860, Industrial Organic Chemicals, then related codes.
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- Gevo, Inc. (GEVO) · open since Dec 2024
- TOMI Environmental Solutions, Inc. (TOMZ) · open since Dec 2024
- XCF Global, Inc. (SAFX) · open since Jun 2025
- LanzaTech Global, Inc. (LNZA) · open since Sep 2021
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