other_material
confidence high
sentiment positive
materiality 0.75
Safe Harbor Financial reports Q3 net profit, $24M recap, $6.8M cash
SHF Holdings, Inc.
- Completed $24M recapitalization eliminating $19M debt; Nasdaq compliance re-established.
- $6.8M cash as of Sep 30, fully received by Oct 8, funding next 12 months.
- Q3 net income $179,508 ($0.06 diluted EPS) including $3.3M gain on settlement.
- Average deposit balances $108M (+6% QoQ); active accounts 774 (+2% QoQ).
- CEO Terry Mendez presenting at Trickle Research Conference Nov 13, to discuss growth strategy.
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