SHF Holdings, Inc.

Snapshot

This is a tiny cannabis-banking micro-cap in serious distress. FY 2025 revenue fell 58% to $7.7M, with a $5.4M operating loss and $3.4M of annual cash burn against just $5.7M in cash.

What's Happening Right Now

• Tue 6th Oct '26 · Deposits: Safe Harbor announced preliminary Q3 2026 deposits of about $119.3 million, up 7.4% year-over-year and the highest quarter-end balance since April 2024, marking a second straight quarter of accelerating growth.
• Thu 1st Oct '26 · Reverse split: SHF Holdings completed a 1-for-12 reverse stock split effective September 30, 2026, its second reverse split in under two years following a 1-for-20 split in March 2025.
• Wed 19th Aug '26 · Retention plan: The board adopted an amended retention plan that raises eligible employees' pay during a period of insolvency tied to debtor-in-possession financing milestones, a structure typically associated with restructuring preparation.
• Tue 11th Aug '26 · Dilution filing: The company filed a prospectus supplement registering shares equal to about 98% of shares outstanding for Series B Warrant resales, cutting the exercise price to $0.65, while disclosing a going-concern warning, a Nasdaq bid-price deficiency, and a new rule that could trigger immediate delisting.
• Mon 10th Aug '26 · Registration: Registered 1.01M shares for sale on Form S-1.
• Fri 7th Aug '26 · Going concern: SHF Holdings' Q2 2026 10-Q disclosed an explicit going-concern warning, a widened net loss of $1.51 million, a $126.2 million accumulated deficit, and litigation over the Abaca merger with a possible loss of up to $7.8 million exceeding total stockholders' equity.
• Fri 31st Jul '26 · Registration: Registered 878K shares for sale on Form S-1.
• Wed 12th Nov '25 · Registration: Registered additional securities for sale on Form S-1.