secwatch / observer
8-K filed March 30, 2023, 7:59 PM ET ticker SHFS CIK 0001854963
other material confidence high sentiment positive materiality 0.85

SHF Holdings settles $64.7M deferred obligation with $14.5M note and 11.2M shares to PCCU

SHF Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SHF Holdings, Inc. entered into Securities Issuance Agreement with Partner Colorado Credit Union valued at 11,200,000 shares (effective 2023-03-29).

Action
entry
Agreement
equity purchase
Counterparty
Partner Colorado Credit Union
Value
11,200,000 shares
Effective
2023-03-29
Exact text from the filing
A Securities Issuance Agreement, pursuant to which the Company will issue 11,200,000 shares of the Company’s Class A Common Stock (the “Shares”) to PCCU.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SHF Holdings, Inc. entered into Senior Secured Promissory Note with Partner Colorado Credit Union valued at $14,500,000 (effective 2023-03-29).

Action
entry
Agreement
credit facility
Counterparty
Partner Colorado Credit Union
Value
$14,500,000
Effective
2023-03-29
Exact text from the filing
On March 29, 2023, the Company and PCCU entered into the following definitive transaction documents to settle and restructure the Deferred Obligation:: ● A five-year Senior Secured Promissory Note (the “Note”) in the principal amount of $14,500,000 bearing interest at the rate of 4.25% and a Security Agreement
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SHF Holdings, Inc. entered into Commercial Alliance Agreement with Partner Colorado Credit Union (effective 2023-03-29).

Action
entry
Counterparty
Partner Colorado Credit Union
Effective
2023-03-29
Exact text from the filing
A Commercial Alliance Agreement (the “Alliance Agreement”) that sets forth the terms and conditions of the lending-related and account-related services governing the relationship between the Company and PCCU from and after the date of the transactions.
View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

SHF Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-009753
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