secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001493152-24-018882
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Harbor Q1 net income $2.0M (vs -$1.4M); revenue $4.1M, down 3% YoY
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- Net income of $2.0M (diluted EPS $0.04) vs net loss of $1.4M in Q1 2023; adjusted EBITDA up 165% to $1.1M.
- Revenue $4.1M, down 3% YoY; loan income surged 251% to $1.64M as loan book nearly tripled.
- Operating expenses fell 35.8% to $3.7M; cash and equivalents $5.6M at March 31, 2024.
- Originated $9M first lien secured loan in Denver and $4.6M secured credit facility in Michigan.
- CEO Sundie Seefried appointed to Board of Directors on April 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000149315224018882/0001493152-24-018882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000149315224018882/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018882

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer