Highest-materiality recent filing
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.
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.
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%.
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.
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 enters $150M equity purchase agreement with CREO Investments
Total Purchase Commitment up to $150M, potentially expandable to $500M by mutual agreement.
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 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 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.
CEO Terry Mendez outlines vision to transform Safe Harbor from banking services provider into multi-faceted FinTech.
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 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 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 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.
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