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. reported that its previously issued unaudited financial statements for the three months ended March 31, 2025 can no longer be relied upon. Management and the audit committee identified an error in the calculation of stock-based compensation expense, caused by incorrect expected term and stock price inputs in the Black‑Scholes option pricing model used to value certain stock options.
The company expects this correction to increase previously reported operating expenses and net loss for that quarter by approximately $500,000. SHF Holdings plans to restate the affected financial statements by filing an amended Quarterly Report on Form 10‑Q for the quarter ended March 31, 2025 as soon as practicable.