other material
confidence high
sentiment positive
materiality 0.75
SHF Holdings amends key PCCU revenue agreement through 2028; ex-CEO files arbitration
SHF Holdings, Inc.
- Amended Commercial Alliance Agreement extends term to Dec 31, 2028, with 2-year auto-renewal.
- New fee structure based on Constant Maturity US Treasury Rate and risk rating; removes prior 0.25% annual fee.
- Eliminates per-account servicing fees and indemnification obligations; fixed fee based on average daily balance.
- PCCU relationship accounted for $3.1M of $3.5M in deposits/activities revenue for 9mo 2024.
- Former Chief Credit Officer Daniel Roda filed arbitration demand on Dec 31, 2024, regarding employment agreement.