{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-025203","form_type":"8-K/A","ticker":"SHFS","cik":"0001854963","company_name":"SHF Holdings, Inc.","filed_at":"2025-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.385212+00:00","generated_at":"2026-05-17T10:39:03.527729+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SHF Holdings restates Q1 2025 results; stock-based comp error adds ~$500K to loss","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-025203","json":"https://secwatch.observer/filing/0001641172-25-025203.json","markdown":"https://secwatch.observer/filing/0001641172-25-025203.md","text":"https://secwatch.observer/filing/0001641172-25-025203.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854963/000164117225025203/0001641172-25-025203-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854963/000164117225025203/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:39:03.527729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c0297645c9d35bc32f05b30694f840ad45012ee3","claim":"SHF Holdings, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon due to an error in the calculation of stock-based compensation expense.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854963/000164117225025203/0001641172-25-025203-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Macias Gini & O'Connell LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}