secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001641172-25-001997
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SHF Holdings reports FY 2024 net loss of $48.3M; loan interest income up 123%
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- FY 2024 revenue $15.2M (down 13% YoY); net loss $48.3M includes $43.9M deferred tax valuation allowance and $9.1M impairment.
- Loan interest income grew 123% to $6.6M (FY) and 82% to $1.8M (Q4); deposit and onboarding revenue declined.
- Adjusted EBITDA positive for 3rd consecutive year at $2.9M; adjusted working capital ~$2M.
- Amended PCCU note unlocks $6.4M cash flow over 2 years; debt maturity extended to Oct 2030.
- CEO Terry Mendez assumed role Feb 28, 2025; company processed over $25B in cannabis funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000164117225001997/0001641172-25-001997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000164117225001997/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001997

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