secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017336
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Harbor Q1 revenue up 150% to $4.2M; record $1.1B deposits processed
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- Revenue $4.2M (up 150% YoY); net loss $1.4M vs net income $0.5M in Q1 2022.
- Processed deposits hit record $1.1B (up 33%); monthly avg deposits on deposit $213.6M (+55% YoY).
- Reduced balance sheet debt ~60%; resolved $68.6M in payables including $64.7M PCCU settlement.
- Announced partnership with Five Star Bank for up to $1B additional deposit capacity.
- FY 2023 revenue guidance of at least 50% increase vs $9.4M in FY 2022; expects positive Adj. EBITDA and cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223017336/0001493152-23-017336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223017336/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017336

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