secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001493152-23-009753
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/0001493152-23-009753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223009753/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009753

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