---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031002"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:35:23.842950+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SHF Holdings receives default notice on $2.17M promissory note with EF Hutton

## Summary
- On Nov 2, 2022, EF Hutton issued default notice for missed $362,625 installment due Oct 31 on $2,166,250 note.
- Accelerated remaining principal of $1,450,500 plus default interest at 24% per annum demanded immediately.
- EF Hutton threatened legal action if full payment not received by Nov 7, 2022.
- Company is investigating remedies and intends to defend against any claims.

## SEC filing metadata
- accession: 0001493152-22-031002
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315222031002/0001493152-22-031002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315222031002/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031002
- JSON: https://secwatch.observer/filing/0001493152-22-031002.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031002.txt

## Key facts
- Debt Financings
  SHF Holdings, Inc. reported a default on debt of $2,166,250 with EF Hutton, a division of Benchmark Investments, LLC at 24% per annum maturing January 31, 2023.
  - Principal: $2,166,250
  - Counterparty: EF Hutton, a division of Benchmark Investments, LLC
  - Rate: 24% per annum
  - Maturity: January 31, 2023
  - Event: default
  source text: promissory note (the “Note”) with EF Hutton, a division of Benchmark Investments, LLC (“EF Hutton”). Pursuant to the Note, the Company is indebted to EF Hutton in the amount of $2,166,250. The Note provides that SHF was obligated to pay EF Hutton the principal sum of $2,166,250 on the following schedule: (i) $715,750 on October 14, 2022 and (ii) $362,625 on each
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315222031002/0001493152-22-031002-index.htm

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