---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007532"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T03:56:48.498754+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SHF Holdings settles $2.17M EF Hutton note for $550K; Series A preferred conversions update

## Summary
- Resolved $2,166,250 promissory note with EF Hutton for $550,000 payment on March 10, 2023; note fully satisfied.
- As of March 13, 2023, 9,554 shares of Series A Convertible Preferred converted into Class A common stock.
- Resulting in 29,921,551 Class A common shares and 10,896 Series A Preferred shares outstanding.
- No other material events reported.

## SEC filing metadata
- accession: 0001493152-23-007532
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.04, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315223007532/0001493152-23-007532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315223007532/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007532
- JSON: https://secwatch.observer/filing/0001493152-23-007532.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007532.txt

## Key facts
- Debt Financings
  SHF Holdings, Inc. reported a default on loan of $2,166,250 with EF Hutton, division of Benchmark Investments, LLC.
  - Instrument: loan
  - Principal: $2,166,250
  - Counterparty: EF Hutton, division of Benchmark Investments, LLC
  - Event: default
  source text: As previously disclosed in a Current Report on Form 8-K filed with the SEC by SHF Holdings, Inc. (“SHF” or the “Company”) on November 8, 2022, EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), notified the Company on November 2, 2022 that it was in default on a promissory note in the total amount of $2,166,250 executed on September 28, 2022 (the “Note”). On March 10, 2023, SHF and EF Hutton agreed to fully resolve the balance due, as well as all obligations set forth in the Note, for the total sum of $550,000 (the “Resolution Payment”). SHF made the Resolution Payment on March 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223007532/0001493152-23-007532-index.htm

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