other_material
confidence high
sentiment negative
materiality 0.80
SHF Holdings restates Q1 2025 results; stock-based comp error adds ~$500K to loss
SHF Holdings, Inc.
- Restatement of Q1 2025 financials due to incorrect Black-Scholes inputs (expected term, stock price); increases operating expenses and net loss by ~$500K.
- Audit Committee discussed the restatement with independent auditor MGO before filing.
- Amended Form 10-Q for the three months ended March 31, 2025, was filed on August 14, 2025.
- All previously issued earnings releases and investor communications for Q1 2025 should no longer be relied upon.
item 4.02