---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-030016"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:54:50.429256+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safe Harbor (SHFS) acquires Abaca for $30M in cash and stock

## Summary
- Total consideration $30M: $9M cash (three $3M installments over 2 years) and $21M in common stock.
- Acquisition adds over 300 accounts and expands Safe Harbor's operations to more than 30 states.
- Abaca CEO Dan Roda becomes EVP & COO; co-founder Brian Bauer becomes CRO of Safe Harbor.
- Transaction expected to close Q4 2022, subject to regulatory approvals and customary conditions.
- Abaca has processed over $3B in gross transactions; Safe Harbor has onboarded over $14B in deposits.

## SEC filing metadata
- accession: 0001493152-22-030016
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315222030016/0001493152-22-030016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315222030016/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-030016
- JSON: https://secwatch.observer/filing/0001493152-22-030016.json
- Plain text: https://secwatch.observer/filing/0001493152-22-030016.txt

## Key facts
- Material Agreements
  SHF Holdings, Inc. entered into Agreement and Plan of Merger with Rockview Digital Solutions, Inc., d/b/a Abaca valued at Cash consideration of $9,000,000 (payable $3,000,000 at Closing, $3,000,000 at one-year anniversary, (effective 2022-10-31).
  - Action: entry
  - Agreement: merger
  - Counterparty: Rockview Digital Solutions, Inc., d/b/a Abaca
  - Value: Cash consideration of $9,000,000 (payable $3,000,000 at Closing, $3,000,000 at one-year anniversary,
  - Effective: 2022-10-31
  source text: On October 31, 2022, SHF Holdings, Inc., a Delaware corporation (the “ Parent ” or “ SHF ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Parent, SHF Merger Sub I, a Delaware corporation and a direct wholly-owned subsidiary of Parent (“ Merger Sub I ”), SHF Merger Sub II, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of Parent (“ Merger Sub II ” and, together with Merger Sub I, the “ Merger Subs ”), Rockview Digital Solutions, Inc., a Delaware corporation, d/b/a Abaca (the “ Company ”) and Dan Roda, solely in such individual’s capacity as the representative of the Company Security Holders (the “ Company Stockholders’ Representative ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315222030016/0001493152-22-030016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.