---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-038458"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:18:23.284389+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SHF modifies Abaca merger terms: $2.00/share conversion, 5.84M shares, 5M warrants, $1.5M payment

## Summary
- Conversion price fixed at $2.00 for $11.67M stock consideration, issuing 5,835,822 shares (reduced dilution).
- Warrants issued for up to 5M shares at $2.00 exercise price; no expiration term specified.
- Additional $1.5M payment due October 2025, payable in cash, stock, or combination at company's option.
- $3M cash payments for 2023 and 2024 remain unchanged from original agreement.
- Abaca stockholders' representative gains right to nominate one director to board for 2024 proxy.

## SEC filing metadata
- accession: 0001493152-23-038458
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315223038458/0001493152-23-038458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315223038458/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-038458
- JSON: https://secwatch.observer/filing/0001493152-23-038458.json
- Plain text: https://secwatch.observer/filing/0001493152-23-038458.txt

## Key facts
- Material Agreements
  SHF Holdings, Inc. amended Second Amendment to Agreement and Plan of Merger with Rockview Digital Solutions, Inc., d/b/a Abaca (effective 2023-10-26).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Rockview Digital Solutions, Inc., d/b/a Abaca
  - Effective: 2023-10-26
  source text: On October 26, 2023, SHF Holdings, Inc., a Delaware corporation (the “ Company ” or “ SHF ”), entered into: (1) a Second Amendment to Agreement and Plan of Merger (the “ Second Amendment ”) with SHF Merger Sub I, a Delaware corporation and a direct wholly-owned subsidiary of Parent (“ Merger Sub I ”), SHF Merger Sub II, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of Parent (“ Merger Sub II ” and, together with Merger Sub I, the “ Merger Subs ”), Rockview Digital Solutions, Inc., a Delaware corporation, d/b/a Abaca ( “ Abaca ”), and Dan Roda, solely in such individual’s capacity as the representative of the Company Securityholders (the “ Abaca Stockholders’ Representative ”), and (2) a Warrant Agreement with Continental Stock Transfer & Trust Company (solely as warrant agent to the Warrant Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223038458/0001493152-23-038458-index.htm

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