secwatch.observer — SEC 8-K summary
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Issuer:     SHF Holdings, Inc. (SHFS)
CIK:        0001854963
Form:       8-K/A
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001641172-25-025203
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

SHF Holdings restates Q1 2025 results; stock-based comp error adds ~$500K to loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854963/000164117225025203/0001641172-25-025203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854963/000164117225025203/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-025203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer