other_material
confidence high
sentiment negative
materiality 0.80
SHF Holdings restates Q1 2025 results; stock-based compensation error adds $500K to loss
SHF Holdings, Inc.
- Company concludes Q1 2025 financials should no longer be relied upon due to incorrect Black-Scholes inputs for stock option awards.
- Restatement increases previously reported operating expenses and net loss by approximately $500,000.
- Amended Form 10-Q for quarter ended March 31, 2025 to be filed as soon as practicable.
- Error involved incorrect expected term and stock price assumptions in option valuation model.
item 4.02