SHF Holdings Reports Delisting Notice, Director Changes
Ticker: SHFSW · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1854963
| Field | Detail |
|---|---|
| Company | Shf Holdings, Inc. (SHFSW) |
| Form Type | 8-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, management-change, corporate-governance
TL;DR
SHF Holdings facing delisting, board shakeup, and executive changes.
AI Summary
SHF Holdings, Inc. (formerly Northern Lights Acquisition Corp.) filed an 8-K on April 8, 2024, reporting on several key events. These include a notice of delisting or failure to meet continued listing rules, the departure and election of directors, and the appointment of certain officers. The company also disclosed compensatory arrangements for its officers and filed financial statements and exhibits.
Why It Matters
This filing indicates potential delisting from an exchange and significant changes in the company's board and executive team, which could impact investor confidence and operational stability.
Risk Assessment
Risk Level: high — The notice of delisting and changes in directors/officers suggest significant operational or financial distress.
Key Players & Entities
- SHF Holdings, Inc. (company) — Registrant
- Northern Lights Acquisition Corp. (company) — Former company name
- April 2, 2024 (date) — Earliest event reported
- April 8, 2024 (date) — Date of report
FAQ
What specific listing rule has SHF Holdings, Inc. failed to satisfy, leading to the notice of delisting?
The filing does not specify the exact listing rule that was not satisfied, only that a notice of delisting or failure to satisfy a continued listing rule or standard was issued.
Who are the directors or officers that have departed from SHF Holdings, Inc.?
The filing indicates the departure of certain officers and directors but does not name them in the provided text.
Who are the newly elected directors or appointed officers at SHF Holdings, Inc.?
The filing mentions the election of directors and appointment of certain officers but does not provide their names in the excerpt.
What are the details of the compensatory arrangements for the officers mentioned?
The filing states that compensatory arrangements of certain officers are being disclosed, but the specific details are not included in this summary text.
When did SHF Holdings, Inc. change its name from Northern Lights Acquisition Corp.?
The date of the name change from Northern Lights Acquisition Corp. to SHF Holdings, Inc. was April 2, 2021.
Filing Stats: 1,137 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-04-08 17:00:25
Key Financial Figures
- $0.0001 — hich Registered Class A Common Stock, $0.0001 par value per share SHFS The Nasdaq
- $11.50 — A Common Stock at an exercise price of $11.50 per share SHFSW The Nasdaq Stock Ma
- $1.00 — maintain a minimum closing bid price of $1.00 per share for its common stock, as requ
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex10-1.htm (EX-10.1) — 3KB
- ex10-2.htm (EX-10.2) — 3KB
- ex10-1_001.jpg (GRAPHIC) — 386KB
- ex10-1_002.jpg (GRAPHIC) — 53KB
- ex10-1_003.jpg (GRAPHIC) — 213KB
- ex10-2_001.jpg (GRAPHIC) — 365KB
- ex10-2_002.jpg (GRAPHIC) — 51KB
- ex10-2_003.jpg (GRAPHIC) — 177KB
- 0001493152-24-013874.txt ( ) — 1991KB
- shfs-20240402.xsd (EX-101.SCH) — 4KB
- shfs-20240402_def.xml (EX-101.DEF) — 26KB
- shfs-20240402_lab.xml (EX-101.LAB) — 36KB
- shfs-20240402_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SHF HOLDINGS, INC. Date: April 8, 2024 By: /s/ Sundie Seefried Chief Executive Officer