SHF Holdings gets Nasdaq deficiency letter; loses court ruling on merger dispute

SHF Holdings, Inc.

• Nasdaq notified SHF of non-compliance with $1.00 minimum bid price; 180-day cure period until October 19, 2026.
• Sundie Seefried resigned from board; Tyler Klimas and Sean Tonner appointed as Class III and Class II directors, board expanded to six.
• Court denied SHF's summary judgment in case regarding Merger Agreement amendment; granted counterclaim on breach for first anniversary payment; damages pending.
• Court denied both parties' summary judgment on $3.0M second anniversary payment; SHF may seek resolution but funding constrained by equity line and preferred stock.