Safe Harbor Q3 revenue $1.95M, net loss $979K; going-concern doubt, Nasdaq extension to April 2027

SHF Holdings, Inc.

• Q3 revenue $1.95M (+6.5% YoY); loan program income $869K (+70.2%) as PCCU revenue share rose from ~35% to up to 65%, effective Oct 1, 2025.
• Net loss $979K ($0.95/share) vs year-ago net income $180K, which included a $3.34M debt-extinguishment gain; operating loss narrowed 17.7% to $1.0M.
• Going concern: cash $4.4M vs $6.78M at Dec 31, 2025; $4.05M operating cash burn in 9M 2026; no secured debt; equity line frozen while Opifex term sheet is in effect.
• Oct 23, 2026 nonbinding term sheet with Opifex Media; Opifex holders would own ~85% of the combined company, existing SHF holders ~15% (range 12.5%-17.5%).
• Nasdaq granted an additional 180 days, through April 19, 2027, to regain $1 bid compliance; 1-for-12 reverse split effective Sept 30, 2026.