secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028450
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Harbor Q2 revenue up 147% to $4.6M; net loss of $17.6M on $16.9M impairments
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- Revenue $4.6M vs $1.9M in Q2 2022; total deposits $1.1B, up 36% YoY.
- Net loss $17.6M vs net income $336K, driven by $13.2M goodwill impairment and $3.7M intangible impairment.
- Adjusted EBITDA positive for 2nd consecutive quarter at $850K; FY 2023 revenue guidance raised to $15.3-16.3M.
- Loan book grew to $35.9M (up 94% YoY); closed $15M in cannabis real estate loans during the quarter.
- Debt resolution: $68.6M obligations settled, including $64.7M PCCU payable resolved with $14.5M debt and 11.2M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223028450/0001493152-23-028450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000149315223028450/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028450

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