debt
confidence high
sentiment neutral
materiality 0.55
SHF Holdings closes $562,500 convertible note offering with 20% OID, due August 2026
SHF Holdings, Inc.
- Aggregate principal $562,500, 20% original issue discount, maturity August 2026.
- Conversion price is the lesser of two 20% discounts to VWAP; notes convertible at holder's option.
- Investors receive piggyback registration rights for underlying common shares.
- Notes issued to accredited investors under Section 4(a)(2) and Regulation D.
- Company must use 20% of gross proceeds from a related purchase agreement to pay this note.
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