---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-050636"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2026-11-09T13:15:25+00:00"
generated_at: "2026-11-09T13:20:07.530101+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-050636
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2026-11-09T13:15:25+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315226050636/0001493152-26-050636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315226050636/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-050636
- JSON: https://secwatch.observer/filing/0001493152-26-050636.json
- Plain text: https://secwatch.observer/filing/0001493152-26-050636.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.