SHFS$0.0382-17.42%
SHF Holdings, Inc.
Sector: Finance ServicesIndustry: Banks - RegionalCountry: USExchange: Nasdaq
Mkt Cap:$3.26M
Float & O/S:
Inst Own:
DilutionScan read 40 of SHF Holdings, Inc.'s SEC filings and found 5 warrant series, 3 convertibles, 1 equity line, 4 S-1 registrations and 4 completed offerings on file for SHFS. The latest dilution event on file is a registration statement on Aug 10, 2026. Analysis updated Oct 30, 2026.
Signal8 Summary
SHFS
Going-concern warning, severe dilution overhang
- Business
- WeakRevenue down 58%, going-concern doubt, $1.5M loss widening
- Stock risk
- HighTwo reverse splits, 231% dilution overhang, $97K market cap
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
- : 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.
- : 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.
- : 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.
- : 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.
- : Registered 1.01M shares for sale on Form S-1.
- : 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.
- : Registered 878K shares for sale on Form S-1.
- : Registered additional securities for sale on Form S-1.
