---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-032298"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:25:27.451948+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safe Harbor Q3 revenue up 38.6% to $2.38M; agrees to acquire Abaca for $30M

## Summary
- Revenue $2.38M (+38.6% YoY); net income $1.06M vs $946K; adj. EBITDA $1.28M vs $947K.
- Loan originations for nine months 2022: $18.9M (424% of full-year 2021's $3.6M).
- Appointed James Dennedy as CFO; effective post-quarter.
- Agreed to acquire Abaca for $30M in cash and stock, adding 300+ accounts and $3.4B gross transactions.
- Cash & securities $7.27M; $24.4M loans in underwriting as of Nov 2.

## SEC filing metadata
- accession: 0001493152-22-032298
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032298/0001493152-22-032298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032298/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032298
- JSON: https://secwatch.observer/filing/0001493152-22-032298.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032298.txt

## Key facts
- Earnings Releases
  SHF Holdings, Inc. reported Three Months Ended September 30, 2022 results: revenue $2,379,314, net income $1,056,235.
  - Period: Three Months Ended September 30, 2022
  - Revenue: $2,379,314
  - Net income: $1,056,235
  - Result: reported results
  source text: For the quarter ended September 30, 2022, total revenue increased 38.6% to $2.37 million, compared to $1.72 million in the same period last year. This increase was the result of increased investment income related to higher interest rates and increased loan interest income. For the third quarter of 2022, the Company sourced six new loans. For the nine months ended September 30, 2022, total revenue increased 11.4% to $5.90 million, compared to $5.30 million in the same period in 2021. For the quarter ended September 30, 2022, net income was $1.06 million, compared to $946 thousand in the same three month period ended September 30, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032298/0001493152-22-032298-index.htm

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