---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-032662"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:45:40.681604+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SHF Holdings closes $30M acquisition of Abaca; adds 300+ accounts, expands to 40+ states

## Summary
- Total consideration $30M: $3M cash at close & $3M at 1st/2nd anniversaries, plus 2.1M shares at close and $12.6M in shares at 1-year anniversary based on VWAP.
- Abaca's platform processed $3.4B in transactions; adds 3 financial institution relationships (now total 5).
- Monthly revenue projected to increase ~40%; customer base exceeds 1,000 accounts across 40+ states and U.S. territories.
- Lock-up agreements on shares received for 180 days; voting agreements from holders of 70.1% of pre-transaction common stock.
- Acquisition nearly doubles team, adding experienced cannabis financial services and fintech professionals.

## SEC filing metadata
- accession: 0001493152-22-032662
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032662/0001493152-22-032662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032662/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032662
- JSON: https://secwatch.observer/filing/0001493152-22-032662.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032662.txt

## Key facts
- M&A Transactions
  SHF Holdings, Inc. completed an acquisition involving Rockview Digital Solutions, Inc. d/b/a Abaca for $30,000,000 of cash and Parent Common Stock (closed 2022-11-15).
  - Action: acquisition
  - Counterparty: Rockview Digital Solutions, Inc. d/b/a Abaca
  - Consideration: $30,000,000 of cash and Parent Common Stock
  - Closing: 2022-11-15
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032662/0001493152-22-032662-index.htm
- Material Agreements
  SHF Holdings, Inc. amended Amendment to the Merger Agreement and Plan of Merger with Rockview Digital Solutions, Inc., d/b/a Abaca, and Dan Roda as representative (effective 2022-11-11).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Rockview Digital Solutions, Inc., d/b/a Abaca, and Dan Roda as representative
  - Effective: 2022-11-11
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315222032662/0001493152-22-032662-index.htm

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