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

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SHF Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-009753
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