Welcome to our dedicated page for SHF Holdings SEC filings (Ticker: SHFS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SHF Holdings, Inc. filings document Safe Harbor's cannabis-focused financial technology business, including compliant banking services, lending programs, deposit-related activity, payments initiatives, and services offered to cannabis-related businesses and financial institutions. Current reports record operating results, product and platform announcements, amendments to commercial arrangements, and Nasdaq listing-compliance matters.
The company's SEC record also covers capital structure and governance. Registration and 8-K filings disclose Class A common stock, redeemable warrants, Series B convertible preferred stock, warrant terms, and related registration matters. Proxy materials describe director elections, auditor ratification, board governance, and annual meeting voting, while other filings address code-of-ethics amendments and risk-related disclosure areas tied to a regulated cannabis financial services platform.
SHF Holdings, Inc., which operates as Safe Harbor Financial, reported 2025 results showing a major balance sheet turnaround but weaker revenue and profitability. The company eliminated substantially all of its about $18 million of debt in a September 30, 2025 recapitalization and ended 2025 with $6.8 million in cash and cash equivalents.
Total stockholders’ equity improved to a positive $8.2 million at December 31, 2025, compared with a stockholders’ deficit of $(12.3) million a year earlier, while total liabilities fell to $9.0 million from $25.5 million. Working capital moved from a deficit to a surplus of about $5.7 million.
On the income side, full-year 2025 revenue was $7.7 million, down from $15.2 million in 2024, and the company recorded a net loss of $2.2 million versus a $48.3 million loss in 2024 that included a very large tax expense and impairment charges. Adjusted EBITDA declined to a $(3.9) million loss from a $2.9 million gain. However, in the fourth quarter of 2025, loan program income rose 70% sequentially, total revenue grew 12% from the third quarter, and operating expenses declined 10% after excluding a success-based employee bonus, signaling improving operating leverage as the company expands beyond core banking and lending into insurance, payments, and consulting solutions.
SHF Holdings, Inc. files its annual report describing a niche financial services platform focused on providing compliant banking and lending infrastructure to cannabis-related businesses through partner institutions, primarily Partner Colorado Credit Union (PCCU).
The company has helped process approximately $35.4 billion of cannabis-related deposits across 41 states and territories and relies heavily on its Second Amended Commercial Alliance Agreement with PCCU, which supplies most revenue but also requires SHF to indemnify up to 65% of loan losses. Management highlights substantial doubt about the company’s ability to continue as a going concern after a $5.4 million operating loss and negative operating cash flow, partly mitigated by a September 2025 recapitalization that eliminated about $18 million of debt, raised $6.7 million of new capital, and established a $150 million equity line of credit.
SHF Holdings, Inc. d/b/a Safe Harbor Financial reported preliminary unaudited 2025 results showing total revenue of $7, down 50% from $15 in 2024. Deposit and activity income fell to $4 from $6, loan program income to $2 from $6, and investment income to $1 from $2.
In Q4 2025, total revenue was $2, up from $1 in Q3 2025, a 12% sequential increase tied to improved terms under the Second Amended Commercial Alliance Agreement with PCCU, which raised the Company’s loan program income share to up to 65% and extended the relationship through December 31, 2031.
Safe Harbor’s balance sheet strengthened, with cash and cash equivalents rising to $6 from $2 and total debt falling to $0 from $18, following a September 2025 recapitalization that eliminated approximately $18.3 million of debt and raised $6.8 million of new capital. The Company also reports that a majority of previously identified material weaknesses were remediated and has filed a Notification of Late Filing on Form 12b-25, expecting to file its Form 10-K within the fifteen-calendar-day extension period.
SHF Holdings, Inc. filed a Form 12b-25 notifying the SEC it cannot timely file its Annual Report on Form 10-K for the year ended December 31, 2025 because a significant 2026 transaction requires recognition in the 2025 financial statements. The company expects to file within the 15-calendar-day extension provided by Rule 12b-25.
SHF Holdings, Inc., doing business as Safe Harbor, reported that average deposit balances in emerging U.S. cannabis markets grew 29% over the twelve months ended February 4, 2026, lifting its total average deposit balances by 4.5%.
Emerging U.S. markets now account for 31% of the company’s average deposit balances, supported by more than 100 new customer depository accounts and increased deposits from existing clients in high‑growth states including New York, New Jersey, Illinois, Florida, Ohio, and Kentucky.
SHF Holdings, Inc., doing business as Safe Harbor Financial, entered a Second Amended and Restated Commercial Alliance Agreement with Partner Colorado Credit Union, extending their core partnership through December 31, 2031 with automatic two‑year renewals.
The amended agreement changes loan economics so Safe Harbor can receive up to 65% of net interest income on covered loans while indemnifying up to 65% of default-related losses, with PCCU covering the remaining 35%. A prior 1.0% flat asset hosting fee is replaced by a sliding scale from 0.50% on deposits under $25 million to 1.25% on deposits over $125 million.
In a related press release, Safe Harbor estimates about $9 million of incremental revenue and more than $1.5 million of total cost savings over the revised 6.25‑year term, plus a retroactive payment of approximately $400,000 from PCCU. Safe Harbor must also escrow its key software source code, which PCCU can license if specified default or insolvency events occur.
SHF Holdings, Inc. (SHFS) filed an 8-K announcing CEO Terry Mendez will present at the Trickle Research Microcap Conference on November 13, 2025. The company furnished a press release and the presentation materials as exhibits associated with this Reg FD disclosure.
The information in Item 7.01 and Exhibits 99.1 and 99.2 is furnished and not deemed filed under the Exchange Act. SHFS’s Class A Common Stock trades under SHFS and its redeemable warrants under SHFSW on Nasdaq.
SHF Holdings (SHFS) filed its Q3 2025 report showing lower revenue but a cleaner balance sheet after significant liability actions. Revenue for the quarter was $1.83 million versus $3.48 million a year ago, as account fees, loan interest and investment income all declined. The company reported net income of $0.18 million in Q3, compared with $0.35 million last year. For the first nine months, revenue was $5.61 million versus $11.57 million a year ago, and the company posted a net loss of $1.58 million versus income of $3.35 million last year.
SHF reshaped its capital structure. Total liabilities fell to $6.67 million from $25.51 million at year‑end, aided by a $10.75 million debt cancellation exchanged for Series B preferred stock and warrants and gains related to convertible notes. Stockholders’ equity improved to $7.00 million from a $(12.29) million deficit. Cash was $0.86 million at quarter‑end, and $5.91 million of Series B proceeds were collected after quarter‑end per the agreement. Shares outstanding were 3,081,076 as of November 10, 2025.
The amended PCCU alliance remains central: PCCU represented 88.0% of Q3 revenue and 85.4% year‑to‑date. The amendment removed indemnification obligations, changed fees to an asset‑hosting model, and introduced a loan yield split formula.
SHF Holdings (SHFS) reported the results of its Special Meeting. Stockholders approved an amendment to increase authorized common shares from 130,000,000 to 1,000,000,000, effective upon approval and filed in Delaware. They also approved issuing common stock upon the conversion of 31,052 shares of Series B Convertible Preferred Stock at a conversion price of $7.7644 and upon the exercise of warrants at $7.7644 for up to 1,999,543 shares (the SPA Issuance Proposal).
Stockholders approved issuing certain shares to CREO Investments LLC under a Common Stock Purchase Agreement, and approved management and a director participation in certain equity offerings pursuant to Nasdaq Listing Rule 5635(c). They also authorized the Board to implement a reverse stock split at a ratio between 2-for-1 and 12-for-1, with the exact ratio to be set by the Board. All proposals received the required votes.
SHF Holdings (SHFS) filed a resale prospectus registering up to 46,153,846 shares of Class A common stock for potential offer and sale by CREO Investments LLC. The shares relate to an equity line under a Common Stock Purchase Agreement, where SHF may, at its discretion, issue and sell shares to CREO after the commencement date.
SHF is not selling securities in this prospectus and will not receive proceeds from CREO’s resales. Separately, SHF may receive up to $150.0 million in aggregate gross proceeds from CREO through sales under the Purchase Agreement, which may be increased by mutual agreement to up to $500.0 million. An amendment requires SHF to apply 25% of any net cash proceeds from such sales toward the redemption of its Series B Convertible Preferred Stock. The purchase price to CREO will vary with the market price at the time of each sale, and substantial issuances and resales could cause dilution and may impact the stock price.
Shares outstanding were 2,953,473 as of October 16, 2025. SHF notes significant risk factors, including going concern uncertainties, internal control material weaknesses, potential dilution from future issuances, and prior Nasdaq compliance matters.