SHF Holdings, Inc. (SHFS): M&A transaction — SHF Holdings closes $30M acquisition of Abaca; adds 300+ accounts, expands to 40+ states

II was renamed Rockview Digital Solutions, Inc., a d/b/a Abaca. Pursuant to the Merger Agreement, the consideration for the transaction provides the Company shareholders with $30,000,000 of cash and Parent Common Stock. The stock consideration consists of 2,100,000 shares of Parent Common Stock at the Closing Date and $12,600,000 (minus the note balance of

On November 11, 2022, SHF Holdings, Inc. (the “Parent”) entered into an Amendment to the Merger Agreement and Plan of Merger (the “Amendment”) to that certain Agreement and Plan of Merger, dated as of October 29, 2022, 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”) (the “Original Agreement” and collectively with the Amendment, the “Merger Agreement”).