SHF Holdings Inc

SHF Holdings, Inc., doing business as Safe Harbor Financial, announced that its Board of Directors has approved a 1-for-12 reverse stock split of its common stock, par value $0.0001 per share. The split was approved by stockholders at a special meeting held on November 6, 2025, and is expected to take effect at 12:01 a.m. Eastern Time on September 30, 2026. The company's common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Stock Market LLC on September 30, 2026, under the existing ticker symbol SHFS with a new CUSIP number of 824430 409. At the effective time, every twelve issued and outstanding shares will be automatically combined into one share, and no fractional shares will be issued, with any fractional entitlements rounded up to the nearest whole share. Safe Harbor describes itself as a cannabis-exclusive financial platform that has assisted in processing more than $35 billion in cannabis-related depository funds across 41 states and territories.

Safe Harbor Financial announced that the conversion price of its Series B Convertible Preferred Stock and the exercise price of associated warrants have reverted to $1.5528 following the conclusion of a temporary reduction period on July 31, 2026. During the reduction period, holders converted 3,198 shares of Series B Preferred Stock into 4,920,005 shares of common stock, leaving 27,134 shares of Series B Preferred Stock and 12,332,955 shares of common stock outstanding. No Series B Warrants were exercised during the period. CEO Terrance Mendez stated the conversions simplify the capital structure and shift equity into shares counted in the market value of listed securities.