---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009753"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:43:45.646712+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Resolved $64.7M deferred payable from Sept 2022 business combination with PCCU.
- Issued 5-year $14.5M senior secured note at 4.25% interest to PCCU.
- Issued 11.2M shares of Class A common stock, giving PCCU 54.93% ownership.
- Lock-up restricts PCCU from transferring shares for 6 months or until change-of-control transaction.
- CEO says restructuring removes financial constraints and positions for growth.

## SEC filing metadata
- accession: 0001493152-23-009753
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/0001493152-23-009753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009753
- JSON: https://secwatch.observer/filing/0001493152-23-009753.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009753.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/0001493152-23-009753-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/0001493152-23-009753-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/0001493152-23-009753-index.htm

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