Highest-materiality recent filing
SHF Holdings shareholders elect directors and ratify auditor at 2026 Annual Meeting
Jonathon F. Niehaus elected Class II director with 1,290,372 For, 486,420 Withheld.
SHF Holdings Q1 revenue $2.0M (+2.2% YoY); loan income surges 55.6%
Revenue $2.0M, up 2.2% YoY; loan program income $0.8M, up 55.6% due to restructured PCCU agreement.
SHF Holdings: Director Richard Carleton to not seek reelection; Klimas, Tonner join committees
Richard Carleton informed board on May 8, 2026, he will not stand for reelection at 2026 annual meeting.
SHFS lowers Series B conversion and warrant exercise price to $0.65 through July 2026
Conversion price of Series B Preferred reduced to $0.65 from May 6 to July 31, 2026.
Safe Harbor (SHFS) expands cannabis lending platform with new financing products
New offerings include CRE, working capital, equipment, invoice, and bridge financing.
SHF Holdings gets Nasdaq deficiency letter; loses court ruling on merger dispute
Nasdaq notified SHF of non-compliance with $1.00 minimum bid price; 180-day cure period until October 19, 2026.
SHF Holdings launches 401(k) retirement plan for cannabis employers
Plan is a pooled employer 401(k) for state-legal cannabis businesses and service providers.
SHF Holdings Q4 revenue up 12% sequentially, eliminates $18M debt, extends PCCU deal to 2031
Q4 revenue $2.1M (+12% QoQ); net loss $0.6M vs $51.7M loss in Q4 2024.
Safe Harbor Q4 rev $2.1M (+12% sequential); FY25 revenue down 50% to $7.7M
Q4 2025 total revenue $2.1M, up 12% sequentially; loan program income $0.9M, up 71%.
SHF Holdings reports 29% YoY growth in emerging market deposits; total deposits up 4.5%
Emerging US market average deposit balances increased 29% YoY for 12 months ended Feb 4, 2026.
Safe Harbor Financial extends PCCU alliance; expects $9M revenue boost through 2031
Amended Commercial Alliance Agreement extends term through Dec 2031, with automatic two-year renewals.
Safe Harbor Financial reports Q3 net profit, $24M recap, $6.8M cash
Completed $24M recapitalization eliminating $19M debt; Nasdaq compliance re-established.
Safe Harbor regains Nasdaq compliance, eliminates $18.8M debt, raises $6.8M capital
Regained compliance with Nasdaq Rule 5550(b)(1) requiring $2.5M shareholders' equity.
SHF Holdings amends warrant exercisability date to six months after Applicable Date
On Oct 14, 2025, SHF Holdings and each Buyer amended the Securities Purchase Agreement dated Sept 30, 2025.
Issued 31,052 Series B Convertible Preferred shares and warrants for 1,999,544 common shares at $7.7644 exercise price; net cash proceeds ~$6.1M.
SHF Holdings appoints three officers and reduces board size from 7 to 5
Douglas Beck appointed Principal Accounting Officer; continues as SVP Finance, Controller; base salary $175,000 unchanged.
SHF Holdings enters $150M equity purchase agreement with CREO Investments
Total Purchase Commitment up to $150M, potentially expandable to $500M by mutual agreement.
SHF Holdings issues additional $125K convertible note with 20% OID to accredited investor
On September 9, 2025, SHF Holdings issued a $125,000 convertible promissory note to an accredited investor.
SHF Holdings closes $562,500 convertible note offering with 20% OID, due August 2026
Aggregate principal $562,500, 20% original issue discount, maturity August 2026.
SHF Holdings restates Q1 2025 results; stock-based comp error adds ~$500K to loss
Restatement of Q1 2025 financials due to incorrect Black-Scholes inputs (expected term, stock price); increases operating expenses and net loss by ~$500K.
SHF Holdings restates Q1 2025 results; stock-based compensation error adds $500K to loss
Company concludes Q1 2025 financials should no longer be relied upon due to incorrect Black-Scholes inputs for stock option awards.
SHF Holdings stockholders approve equity plan share increase to 626,749; reject governance proposal
Elected Terrance E. Mendez (1,596,009 for) and Francis A. Braun III (1,546,223 for) as Class I directors.
SHF Holdings enters waiver with PCCU to permanently terminate board designation rights; CLO resigns
PCCU forever waives its right to designate one Class I and three Class II directors on SHF's board.
SHF Holdings: Director Karl Racine resigns; Francis Braun III appointed
Karl Racine resigned as director and from Nomination and Governance Committee effective May 2, 2025; departure personal, no disagreement with company.
SHF Holdings changes auditor to MGO; CFO Dennedy resigns, CEO Mendez to serve as interim CFO
Audit committee engaged Macias Gini & O'Connell LLP as independent auditor for FY2025, effective April 28, 2025.
SHF Holdings auditor Marcum resigns; cites going concern and material weaknesses
Marcum LLP terminated auditor relationship with SHF Holdings effective April 14, 2025.
SHF Holdings regains bid price compliance but faces new Nasdaq equity deficiency
On April 1, Nasdaq notified SHF Holdings of imminent delisting for bid price non-compliance; hearing deadline April 8.
SHF Holdings reports FY 2024 net loss of $48.3M; loan interest income up 123%
FY 2024 revenue $15.2M (down 13% YoY); net loss $48.3M includes $43.9M deferred tax valuation allowance and $9.1M impairment.
SHF Holdings to effect 1-for-20 reverse stock split effective March 24, 2025
Stockholders approved reverse split at special meeting on March 13, 2025.
SHF Holdings files 8-K to disclose investor call script; full script not available
CEO Terrance Mendez held investor call during March 13, 2025 special meeting.
SHF Holdings shareholders approve up to 1-for-20 reverse stock split
Proposal passed with 41,784,116 votes for, 661,114 against, 200 abstained.
SHF Holdings sets annual director cash fees and stock option awards; furnishes investor presentation
Non-employee director cash fees: board chair $55k, audit chair $50k, comp chair $40k, nominating chair $35k, other directors $25k.
CEO Terry Mendez outlines vision to transform Safe Harbor from banking services provider into multi-faceted FinTech.
SHF Holdings Chief Strategic BD Officer Tyler Beuerlein resigns, effective Mar 17, 2025
Tyler Beuerlein resigned as Chief Strategic Business Development Officer, effective March 17, 2025.
SHF Holdings amends $14.5M note to interest-only for 2 years, maturity extended to Oct 2030
Amended Note provides two-year interest-only period (incl. Feb & Mar 2025); 4.25% rate unchanged.
Safe Harbor Financial defers principal payments on $14.5M PCCU note for Feb-Mar 2025
Letter agreement with PCCU pauses principal payments for February and March 2025; interest continues.
Safe Harbor Financial CEO Sundie Seefried to retire by Feb 28, 2025; Terry Mendez to become sole CEO
Sundie Seefried resigns as co-CEO effective Feb 28, 2025, remains on board.
SHF Holdings appoints Terrance Mendez as Co-CEO alongside Sundie Seefried
Terrance Mendez named Co-CEO effective Jan. 21, 2025; Sundie Seefried's title changed to Co-CEO.
SHF Holdings amends key PCCU revenue agreement through 2028; ex-CEO files arbitration
Amended Commercial Alliance Agreement extends term to Dec 31, 2028, with 2-year auto-renewal.
SHF Holdings files 8-K furnishing investor presentation; specific new business updates not disclosed
Company furnished a December 2024 investor presentation under Item 7.01 on December 23, 2024.
SHF Holdings discloses CCO resignation and counterclaim in merger payment dispute
Daniel Roda resigned as Chief Credit Officer, effective Dec 16, 2024.
Safe Harbor Q3 net income turns positive at $353K; loan income up 48% YoY
Net income $0.35M vs loss $0.7M YoY; revenue $3.5M down 19% from $4.3M.
SHF Holdings to report Q3 2024 results on Nov 12, 2024 after market close
Will report third quarter 2024 financial results on Tuesday, November 12, 2024 after market close.
SHF Holdings places CCO on leave, files lawsuit over $3M payment
CCO Daniel Roda placed on paid administrative leave Oct 14, 2024 pending internal review.
SHF Holdings receives Nasdaq extension through March 2025 to meet $1 bid price
Received additional 180-day period until March 31, 2025 to regain compliance with Nasdaq minimum bid price of $1.00.
Safe Harbor Financial to attend Benzinga Cannabis Capital Conference Oct 8-9, 2024
CEO Sundie Seefried to speak on panel "Cannabis Cash Flow: The Fed's Impact on Opportunities and Challenges" at 10:10 a.m. CT on Oct 8.
SHF Holdings files investor presentation via 8-K; content not available for review
Regulation FD disclosure of an Investor Presentation dated September 2024.
SHF Holdings enters amended CEO agreement: Seefried extended to Sep 2025, salary cut to $100k
CEO Sundie Seefried's employment term extended to September 28, 2025.
CEO Sundie Seefried's base salary reduced to $100,000; term extended to Sept 28, 2025.
Tyler Beuerlein remains Chief Strategic Business Development Officer through Feb 8, 2025; base salary reduced to $250k plus incentive based on service income growth.
On May 8, 2026, Richard Carleton informed the board of directors (the “Board”) of SHF Holdings, Inc. (the “Company”) of his decision not to be considered for reelection to the Board at the Company’s 2026 annual meeting of stockholders.
On May 22, 2025, Donald Emmi, the Chief Legal Officer of the Company, informed the Company that he is resigning from his role at the Company effective June 6, 2025.
On May 2, 2025, the Board appointed Francis A. Braun III as a Class I director.
On May 2, 2025, Karl Racine informed SHF Holdings, Inc. (the “Company”) of his decision to resign from his position as a director of the Company and as a member of the Board of Director’s (the “Board”) Nomination and Governance Committee effective immediately.
In the interim, the Board has appointed Terrance Mendez, Chief Executive Officer of the Company, as interim Chief Financial Officer effective on the Resignation Date.
On April 28, 2025, James H. Dennedy, Chief Financial Officer of the Company, informed the Company that he intends to resign from his role at the Company, to be effective June 6, 2025
On March 3, 2025, Mr. Tyler Beuerlein notified SHF Holdings, Inc. (the “Company”) of his decision to resign from his position as the Chief Strategic Business Development Officer, effective March 17, 2025.
Ms. Sundie Seefried notified the board of directors (the “Board”) of SHF Holdings, Inc. (the “Company”) of her intention to resign from her position as co-Chief Executive Officer effective February 28, 2025.
Effective upon Ms. Seefried’s resignation, Mr. Mendez’ shall no longer be the Company’s Co-CEO and shall assume the title of the Company’s sole Chief Executive Officer.
Effective January 21, 2025, SHF Holdings, Inc. (the “Company”) hired and appointed Terrance Mendez as the Company’s Co-Chief Executive Officer (“Co-CEO”),
and changed the title of Sundie Seefried, previously the Company’s Chief Executive Officer, to the Company’s other Co-Chief Executive Officer.
On October 14, 2024, the independent directors of board of directors of SHF Holdings, Inc. (the “Company”) approved a paid administrative leave of absence for Daniel Roda in his position as Chief Credit Officer of the Company pending an internal review to be conducted by an independent committee of the board of directors of the Company.
Max materiality 0.85 · Median 0.60 · Most common event other_material